Question 3 Russell Inc. had sales of $2,300,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold Selling expenses Administrative expenses $966,000 109,000 93,000 $471,000 57,000 107,000 Prepare a CVP income statement for the quarter ended March 31, 2017. RUSSELL INC. CVP Income Statement $t Click if you would like to Show Work for this question: Open Show Work