Hamby Inc. has sales of $2,020,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable $767,000 97,300 84,000 Fixed $608,000 62,500 73,300 Prepare a CVP income statement for the quarter ended March 31, 2020. HAMBY INC. Income Statement