Gibson Company has provided the following Year 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 Unfavorable

Variable product costs Favorable

Variable selling expense Unfavorable

Other variable expenses Unfavorable

Fixed product costs Favorable

Fixed selling expense Favorable

Other fixed expenses Unfavorable

Interest expense Favorable

Required

Prepare a budgeted and actual income statement for internal use.