P22-2A Hotel Company bottles and distributes Livit, 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 2012 , management estimates the following revenues and costs. {:[" Net sales ",$1","800","000," Selling expenses-variable ",$70","000],[" Direct materials ",430","000," Selling expenses-fixed "," Administrative expenses- "],[" Direct labor ",352","000," variable ",65","000],[{:[" Manufacturing overhead- "],[" variable "]:},316","000,{:[" Administrative expenses- "],[" fixed "]:},20","000],[{:[" Manufacturing overhead- "],[" fixed "]:},283","000,,60","000]:} Instructions (a) Prepare a CVP income statement for 2012 based on management's estimates. (b) Compute the break