The following data were taken from the records of Parrott Company for December 2010:

Administrative expenses $ 72,000
Cost of goods sold (at standard) 345,000
Direct materials price variance—favorable 900
Direct materials quantity variance—favorable 1,200
Direct labor rate variance—unfavorable 500
Direct labor time variance—favorable 450
Variable factory overhead controllable variance—favorable 250
Fixed factory overhead volume variance—unfavorable 3,200
Interest expense 2,250
Sales 580,000
Selling expenses 85,800

Prepare an income statement for presentation to management.