Cullumber Inc. had sales of $2,332,000 for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $975,200 $466,400 Selling expenses 74,200 47,700 Administrative expenses 91,160 103,880 Prepare a CVP income statement for the quarter ended March 31, 2022. CULLUMBER INC. CVP Income Statement For the Quarter Ended March 31, 2022 $ $