Walton Company has provided the following for the year. 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 $509,000 187,000 46,000 3,202 15,600 24 300 19400 700 8, 100 u 4,900 F 2,000 U 1,000 U 270F 412 F 140. U 110 F Required a. Prepare in good form a budgeted and actual income statement for internal use. Separate op ting 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 variance).) WALTON COMPANY Internal Income Statement Budget Actual Variance Effect Sales Variable expenses Fixed expensesi