Blossom Company bottles and distributes B-Lite, 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 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,850,000 Selling expenses-variable 460,000 Selling expenses-fixed 40,000 Administrative expenses-variable 360,000 Administrative expenses-fixed 260,000 $111,000 54,000 24,000 102,250 CVP Income Statement (Estimated) For the Year Ending December 31, 2020