Exercise 15-6A (Algo) Income statement for internal use LO 15-3 Jordan 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 $503,000 187,000 47,000 3,600 15,900 23,300 1,500 740 3,500 4,100 F 1,900 U 1,300 U 290 F 480 F 190 U 150 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 variance).) JORDAN COMPANY Internal Income Statement Budget Actual Variance Effect Sales Variable expenses 0 Fixed expenses Internal Income Statement Budget Actual Variance Effect Sales Variable expenses 0 0 Fixed expenses 0 $