Brief Exercise 11-7 Pronghorn Inc. had sales of $2,410,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold Selling expenses Administrative expenses $940,000 109,000 97,000 $466,000 72,000 106,000 Prepare a CVP income statement for the quarter ended March 31, 2017 PRONGHORN INC. CVP Income Statement Click if you would like to Show Work for this question: Open Show Work