Problem 19-2A (Part Level Submission) Jorge 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 2017, management estimates the following revenues and costs. 60,000 Sales 1,840,000 Selling expenses variable 55,000 Direct materials 390,000 Selling expenses-fixed 34,000 Direct labor 320,000 Administrative expenses-variable 300,000 Administrative expenses-fixed Manufacturing overhead-variable 46,000 Manufacturing overhead-fixed 417,000 (a) Your answer is partially correct. Try again Prepare a CVP income statement for 2017 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2017 1840000 Sales Variable Expenses a Cost of Goods Sold Selling Expenses T 60000 Administrative Expenses T 34000 Total Variable Expenses