RESOURCES Homework traded for LE Problem 11-2 Ayayal Company bottles and distributes te, a diet drink. The beverage is sold for 50 cents pw 16 ne bote to readers who hrdiment per the year 2017, management estimates the following reve and costs Sales $1.600.000 Seing expenses-table $50,000 Direct materials 450,000 Selling expenses 45.000 Direct labor 300,000 Administrative expenses-lable 40,000 Manufacturing overhead-variable 360,000 Administrative expenses 40.000 Manufacturing overhead-fied 227.500 re ults by Study Prepare a CVP Income statement for 2017 based on management's estimates