Jorge Company bottles and distributes 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 Manufacturing overhead-variable Manufacturing overhead-fixed $1,850,000 430,000 330,000 360,000 418,500 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $50,000 50,000 32,500 60,000 (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 $ 1800000 Variable Expenses Cost of Goods Sold $ | Selling Expenses Administrative Expenses Total Variable Expenses Contribution Margin Fixed Expenses