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 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $2,064,000 440,000 300,000 360,000 637.400 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $70,000 45,000 68,400 52,000 (a) 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 Contribution Margin $ Fixed Expenses Variable Expenses