Pharoah 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 2020, management estimates the following revenues and costs Sales $1,850,000 Direct materials 490,000 Direct labor 330.000 Manufacturing overhead-variable 350,000 Manufacturing overhead-fixed 220,000 Selling expenses-variable Selling expenses-fixed $102.000 57,000 Administrative expenses-variable Administrative expenses-foed 23,000 111500 Prepare a CVP income statement for 2020 based on management's estimates. PHAROAH COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 > >