Cullumber Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 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 $73,000 52,000 Direct materials $1,650,000 520,000 340,000 360.000 120.000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed Direct labor Manufacturing overhead-variable 59,000 Manufacturing overhead-fixed Prepare a CVP income statement for 2020 based on management's estimates. CULLUMBER COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020