Requirement $1.$ Prepare the income statement performance report. Note. The master budget was based on expected sales volume of $65,000$ bubble kits. $($For accounts with a $0$ balanc unfavorable $($U$).$ A variance of zero is considered favorable$).$

Happy Bubbles, Inc.

Income Statement Performance Report

For the month ended October $31$

Data table

$\backslash$table$[[\backslash$table$[[$Happy Bubbles, Inc.$],[$Flexible Budget Income Statement$],[$Month Ended October $31]]],[$Flexible$],[\{$

$\backslash$table$[[$Budget$],[$per Output$]]\}],[],[+,$Unit,Output Units $($Kits$)],[,,65,000,70,000,75,000],[$Sales revenue,$$,3\mathrm{.}05,$$$,198,250s,213,500S,228,750],[$Variable expenses:$],[$Cost of goods sold,,$125,,81,250,87,500,93,750],[$Sales commissions,,$0\mathrm{.}15,,9,750,10,500,11,250],[$Utility expense,,$0\mathrm{.}20,,13,000,14,000,15,000],[$Fixed expenses:$],[$Salary expense,,,,$30,000,30,000,33,000],[$Depreciation expense,,,,$20,000,20,000,23,000],[$Rent expense,,,,$10,000,10,000,16,000],[$Utility expense,,,,$5,000,5,000,5,000],[$Total expenses,,,$$,169,000$$$,177,000$$$,197,000],[$Operating income,,,$$,29,250$$$,36,500$$$,31,750]]$

Please help