Jorge Company bottles 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 $1,848,000 Selling expensesvariable $70,000 Direct materials 440,000 Selling expensesfixed 75,000 Direct labor 330,000 Administrative expensesvariable 23,600 Manufacturing overheadvariable 430,000 Administrative expensesfixed 52,000 Manufacturing overheadfixed 404,000 Collapse question part (a) Prepare a CVP income statement for 2017 based on managements estimates.

JORGE COMPANY CVP Income Statement (Estimated) $ $ $