Brief Exercise 20-2 Hamby Inc. has sales of $2,079,800 for the first quarter of 2014. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses 774,000 96,100 89,700 $619,000 62,800 75,100 Prepare a CVP income statement for the quarter ended March 31, 2014 HAMBY INC Income Statement For the Quarter Ended March 31, 2014