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 $1,500,000 Direct materials 410000 Selling expenses-variable Selling expenses-fixed $90,000 50,000 Direct labor 330,000 Administrative expenses-variable 20,000 Manufacturing overhead-variable 350,000 Administrative expenses-fixed 40,000 Manufacturing overhead-fixed 150,000 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 > > > > < $ $