Problem 22-03A (Part Level Submission) wildhorse Company bottles and distibutes 8-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge oustomers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs Sales Direct materials Direct labor Hanufacturing overhead-variable Manufactuning overhead-foxed 108,000 34,000 22,000 71,000 1,750,000 Selling expenses-vaiable 450,000 Selling expenses-fxed 400,000 Administrative expenses-variable 420,000 Administrative expenses-foxed 120,000 en Assignment OURCES work 2-05as missien CVP Income Statement (Estimated) For the Year Ending December 31, 2020 A (Pa bmission nce25 encent Click if you would like to Show Work for this question: geen Show Wonk Type here to search