Oriole Inc. had sales of $2.250,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses Cost of goods sold Selling expenses Administrative expenses Variable $947,000 71,000 133.000 Fixed $451,000 66,000 143.000 Prepare a CVP Income statement for the quarter ended March 31, 2020, Oriole Inc. had sales of $2.250,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses Cost of goods sold Selling expenses Administrative expenses Variable $947,000 71,000 133.000 Fixed $451,000 66,000 143.000 Prepare a CVP Income statement for the quarter ended March 31, 2020