Carla Vista Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,980,000 Selling expenses-variable $110,000 Direct materials 430,000 Selling expenses-fixed 62,000 Direct labor 400,000 Administrative expenses-variable 26,000 Manufacturing overhead-variable 420,000 Administrative expenses-fixed 133,200 Manufacturing overhead-fixed 280,000 Prepare a CVP income statement for 2020 based on management's estimates. CARLA VISTA COMPANY CVP Income Statement (Estimated) Sales Variable Expenses Cost of Goods Sold $ 1250000 $ 1980000