1 of 4 < View Policies Current Attempt in Progress Fontillas Manufacturing Inc. had sales of $2.85 million for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses: Variable Fixed Cost of goods sold $902,500 $444,500 Selling expenses 74,500 40,000 Administrative expenses 87.500 98.000 Prepare a CVP income statement for the quarter ended March 31.2020. FONTILLAS MANUFACTURING INC. CVP Income Statement