Dilts Manufacturing Inc. had sales of $1,800,000 for the first quarter of 2010. In making the sales, the company incurred the following costs and expenses.
Variable
Fixed
Cost of goods sold
$760,000
$540,000
Selling expenses
95,000
60,000
Administrative expenses
79,000
66,000
Prepare a CVP income statement for the quarter ended March 31, 2010.