Current Attempt in Progress Pharoah Company has sales of $1,545,000 for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses. Variable Fixed Product costs $506,000 $556,000 Selling expenses 106,000 81,000 Administrative expenses 86,000 73,000 Calculate the company's net income under CVP for 2022. Net Income $ Touthool and Media