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 $50,000 45,000 16,000 60,000 $1,840,000 Selling expenses-variable 410,000 Selling expenses-fixed 350,000 Administrative expenses-variable 370,000 Administrative expenses-fixed 365,750 Prepare a CVP income statement for 2017 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated)