Blossom Inc. has sales of $2,480,000 for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses + Variable + $942,400 117,800 97,960 Fixed $744,000 Prepare a CVP income statement for the quarter ended March 31, 2022. $ 74,400 81,840 BLOSSOM INC. CVP Income Statement For the Year Ended March 31, 2022 I $ |||||

Blossom Inc. has sales of $2,480,000 for the first quarter of 2022 . In making the sales, the company incurred the following costs and expenses. Prepare a CVP income statement for the quarter ended March 31, 2022