Pharoah Company bottles and distributes B-ute, a diet soft drink. The beverage is sold for 60 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 Direct materials Direct labor Manufacturing overhead variable Manufacturing overhead-fixed $1.800.000 410,000 400,000 420,000 150,000 Selling expenses variable Selling expenses fired Administrative expenses variable Administrative expenses-fired $93,000 65,000 27,000 55.000 Your answer is partially correct. Try again Prepare a CVP Income statement for 2020 based on management's estimates. PHAROAH COMPANY OVP Income Statement (Estimated) For the Year Ending December 31, 2020 Your answer is incorrect. Try again. Determine the sales dollars required to earn net income of $180,000 Required sales dollars