Jorge Company battles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 90 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $2,052,000 460,000 300,000 430,000 539,300 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $60,000 60,000 83,800 58,000 Your answer is partially correct. Try again. Prepare a CVP income statement for 2017 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2017 Sales Variable Expenses Cost of Goods Sold T Selling Expenses Administrative Expenses 83800 Total Variable Expenses o Contribution Margin Fixed Expenses Selling Expenses Administrative Expenses Total Variable Expenses 100 III PL Total Fixed Expenses TNet Income/(Loss)