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Ivanhoe Inc. had sales of $2,300,000 for the first quarter of 2022 (it sold 230,000 units). In making the sales, the company incurred the

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Ivanhoe Inc. had sales of $2,300,000 for the first quarter of 2022 (it sold 230,000 units). In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $888,000 $464,000 Selling expenses 74,000 54,000 Administrative expenses 96,000 145,000 Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, e.g. 15.25.) Sales Variable Costs Contribution Margin Fixed Costs Net Income/(Loss) IVANHOE INC. CVP Income Statement For the Quarter Ended March 31, 2022 Total Per Unit Percent of Sales % % %

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