Crane Manufacturing Ltd.'s sales for the year ended December 31, 2022 are $1.24 million. The expenses for 2022 are as follows: Cost of goods sold Selling expenses Administrative expenses Variable $416,000 72,800 36,320 Fixed $234,000 34,320 46,800 Prepare a detailed CVP income statement for the year ended December 31, 2022. Crane Manufacturing Ltd. CVP Income Statement

Crane Manufacturing Ltd's sales for the year ended December 31.2022 are $1.24 million. The expenses for 2022 are as follow Prepare a detailed CVP income statement for the year ended December 31, 2022