Fontillas Manufacturing Inc. had sales of $2.5 million for the first quarter of 2012. In making the sales, the company incurred the following costs and expenses: __________________________________ Variable __________ Fixed Cost of goods sold ……………………… $850,000 ……….. $450,000 Selling expenses ………………………… 140,000 …………… 65,000 Administrative expenses …………………..70,000 ……………. 90,000 Prepare a CVP income statement for the quarter ended March 31, 2012?