Jorge Company bottles and B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales Direct materials Direct labor $1,600,000 Selling expenses-variable 450,000 Selling expenses-fixed 300,000 Administrative expenses-variable 360,000 Administrative expenses-fixed 227,500 $50,000 45,000 40,000 40,000 Manufacturing overhead-variable Manufacturing Prepare a CVP income for 2017 based on management's estimates. 7 9 6 2