Crane Inc. has sales of $2,080,000 for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses Variable Fixed $790.400 $624,000 Cost of goods sold Selling expenses Administrative expenses 98,800 62.400 82.160 68,640 Prepare a CVP Income statement for the quarter ended March 31, 2022 CRANE INC. CVP Income Statement For the Quarter Ended March 31, 2022 Sales 2080.000 Variable Expenses Cost of Goods Sold s 790.400 Selling Expenses 98,800 Administrative Expenses 82. 160 Total Variable Expenses Sales $ TA 2,080,000 Variable Expenses Cost of Goods Sold $ 790.400 Selling Expenses 98,800 Administrative Expenses 82,160 Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold Selling Expenses Administrative Expenses | Total Fixed Expenses De Net Income/(Loss) $