Russell Inc. had sales of $2,210,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses. Selling expenses Administrative expenses $949,000 90,000 132,000 $457,000 47,000 132,000 Prepare a CVP income statement for the quarter ended March 31, 2017 RUSSELL INC. CVP Income Statement 90000 132000 Fixed 47000 6000