Naylor Manufacturing Inc. sold 8,370 units and recorded sales of $502,200 for the first month of 2020. In making the sales, the company incurred the following costs and expenses.

		Variable		Fixed
Cost of goods sold		$171,900		$63,000
Selling expenses		68,300		34,700
Administrative expenses		10,900		37,800

Prepare a CVP income statement for the month ended January 31, 2020.