Grouper Inc. had sales of $2,390,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable Fixed $951,000 $490,000 111,000 51,000 110,000 108,000 Prepare a CVP income statement for the quarter ended March 31, 2017. GROUPER INC. CVP Income Statement For the Quarter Ended March 31, 2017 Sales 2390000 Variable Costs Contribution Margin Fixed Costs Net Income/(Loss) 4