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I need answer for the following question thanks in advance. In a table if possible than you Company has sales of $2,500,000 for the first

I need answer for the following question thanks in advance. In a table if possible than you

Company has sales of $2,500,000 for the first quarter of 2020. In making the sales, the entity incurred the following costs and expenses:

Variable

Fixed

Cost of sales

$720,000

$680,000

Selling expenses

140,000

120,000

Administrative expenses

80,000

70,000

Required:Prepare a CVP statement of profit or loss for the quarter ended 31 March 2020.

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