Kingbird Corporation had sales of $3,360,000 for the year ended December 31, 2022. The unit selling price was $12. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable $810,000 112,000 254,000 Fixed $780,000 52,000 74,000 Required Prepare a CVP income statement Prepare a GAAP income statement