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 $1,950,000 550,000 350,000 370,000 260,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $67,000 61,000 28.000 59,250 Prepare a CVP income statement for 2020 based on management's estimates BLOSSOM COMPANY CVP Income Statement (Estimated) $ $