B Return to Blackboard Swat, Accounting Principles, 13. Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Problem 22-03A (Part Level Submission) Blossom Company bottles and distributes B-ute, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,850,000 Selling expenses--variable $111,000 Direct materials 460,000 Selling expenses--fixed 54,000 Direct labor 340,000 Administrative expenses--variable 24,000 Manufacturing overhead-variable 360,000 Administrative expenses --Fixed 102,250 Manufacturing overhead-fixed 260,000 (a) Prepare a CVP income statement for 2020 based on management's estimates. BLOSSOM COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Help System Announcements 5 $ Y 7 Click If you would like to Show Work for this question: Open Show Work