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 an costs. Sales $1,840,000 Selling expenses-variable $70,000 Direct materials 440,000 Selling expenses-fixed 55,000 Direct labor 300,000 Administrative expenses-variable Administrative expenses-fixed 26,000 46,000 360,000 Manufacturing overhead-variable Manufacturing over head-fixed 511,500 Prepare a CVP income statement for 2017 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) Sales 1840000 Variable Expenses Selling Expenses 70000 Administrative Expenses 26000 Contribution Margin , Fixed Expenses Fixed Expenses