Brief Exercise 22-11 Hamby Inc. has sales of $2,000,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $760,000 $600,000 Selling expenses Administrative expenses 79,000 66,000 95,000 60,000 Prepare a CVP income statement for the quarter ended March 31, 2017