Vernon Company has provided the following Year 2 data. Budget Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense Variances Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense HOTTOS $509,000 199,000 43,000 3,400 16,400 24,000 1,800 780 8,500 Unfavorable 4,500 Favorable 1,600 Unfavorable 1,400 Unfavorable 220 Favorable 470 Favorable 140 Unfavorable 80 Favorable Required Prepare a budgeted and actual income statement for internal use. *****.

Vernon Company has provided the following Year 2 data. Required Prepare a budgeted and actual income statement for internal use