Russell Inc. had sales of $2,200,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $920,000 $440,000 Selling expenses 70,000 45,000 Administrative expenses 86,000 98,000 Prepare a CVP Income statement for the quarter ended March 31, 2017 RUSSELL INC. CVP Income Statement March 31, 2017 Sales 2,200,000 Variable Costs Selling Expenses Administrative Expenses Net Income/(Loss) ion: Open Show Work