Walton Company has provided the following for the year. $506, eee 288,880 41,000 2,990 16,100 24,100 1,789 660 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 7,880 U 4,5ee F 2,100 u 1,500 300F 390 F 200 u 140 F Required a. Prepare in good form a budgeted and actual income statement for Internal use. Separate operating Income from net income in the statements and indicate whether each variance is favorable (F) or unfavorable (U). (Select "None" If there is no effect (I.e., zero varlance).) WALTON COMPANY Internal Income Statement Budget Actual Variance Effect Sales Variable expenses: Fixed expenses