Hamby Inc. has sales of $2,002,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $762,000 $617,000 Selling expenses 98,100 63,800 72,700 Administrative expenses 87,100 Prepare a CVP income statement for the quarter ended March 31, 2020. HAMBY INC. Income Statement $