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please help me fill out the income statement (numbers and the one blank on left side) and answer the corresponding auestion. Current Attempt in Progress

please help me fill out the income statement (numbers and the one blank on left side)
and answer the corresponding auestion. image text in transcribed
image text in transcribed
image text in transcribed
Current Attempt in Progress Blossom 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 $1,500,000 Selling expenses--variable Direct materials 410,000 Selling expenses-fixed $90,000 50,000 20,000 40,000 Direct labor Manufacturing overhead-variable 330,000 350,000 150,000 Administrative expenses-variable Administrative expenses-fixed Manufacturing overhead-fixed Prepare a CVP income statement for 2020 based on management's estimates. BLOSSOM COMPANY CVP Income Statement (Estimated) Sales 1500000 Variable Expenses Cost of Goods Sold Selling Expenses Administrative Expenses : Total Variable Expenses : Contribution Margin Fixed Expenses Selling Expenses Administrative Expenses Total Fixed Expenses Net Income/(Loss) Determine the sales dollars required to earn net income of $150,000. (Round answer to decimal places, eg. 1.225.) Required sales dollars $

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