Brief Exercise 5-7 Pharoah Inc, had sales of $2,320,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. CALCULATOR 55 Cost of goods sold Selling expenses Administrative expenses Variable $966,000 86,000 117,000 Fixed $488,000 47,000 144,000 Part 3) 69 7.1 Prepare a CVP Income statement for the quarter ended March 31, 2020. PHAROAH INC. CVP Income Statement For the Quarter Ended March 31, 2020 by Click if you would like to Show Work for this question: Show Work