BE22.7 (LO 3) Russell Inc. had sales of $2,200,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Prepare CVP income statement. Cost of goods sold Selling expenses Administrative expenses Variable $920,000 Fixed $440,000 70,000 86,000 45,000 98,000 Prepare a CVP income statement for the quarter ended March 31, 2020. BE22.12 (LO 5) Deines Corporation has fixed costs of $480,000. It has a unit selling price of $6, unit variable costs of $4.40, and a target net income of $1,500,000. Compute the required sales in units to achieve its target net income. Compute the required sales in units for target net income.