Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for50cents per 16-ounce bottle to retailers, who charge customers75cents per bottle. For the year 2017, management estimates the following revenues and costs.

Sales$ 1,840,000

Selling expensesvariable $ 50,000

Direct materials 440,000

Selling expensesfixed 50,000

Direct labor 320,000

Administrative expensesvariable 36,000

Manufacturing overheadvariable 350,000

Administrative expensesfixed 54,000

Manufacturing overheadfixed 498,000

how to prepare a CVP income statement for 2017 based on management's estimates.