Fontillas Manufacturing Inc. had sales of $2.60 million for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses:

VariableFixedCost of goods sold$916,500$442,000Selling expenses65,00041,000Administrative expenses86,50095,000

Prepare a CVP income statement for the quarter ended March 31, 2020.

Contribution margin

Sales

Fixed costs

Operating income

Variable costs

$

Fixed costs

Operating income

Contribution margin

Sales

Variable costs

Sales

Fixed costs

Operating income

Variable costs

Contribution margin

Variable costs

Operating income

Contribution margin

Sales

Fixed costs

Variable costs

Contribution margin

Operating income

Sales

Fixed costs

$