Hamby Inc. has sales of $2,099,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $764,000 $619,000 Selling expenses 96,700 65,700 Administrative expenses 88,200 70,400 Prepare a CVP income statement for the quarter ended March 31, 2020.

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