Sandhill Company bottles and distributes B-Lite a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, ho charge customers 75 cents per bottle. For the year 2020. management estimates the following revenues and costs. Sales 5 1.900,000 Selling expenses-variable $ 132,000 Direct materials 470.000 Selling expenses-fixed 63.000 Direct labor 340,000 Administrative expenses-variable 28.000 Manufacturing overhead-variable 360,000 Administrative expenses-fixed 94,500 Manufacturing overhead-fixed 270,000 (a) Prepare a CVP income statement for 2020 based on management's estimates. SANDHILL COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales S 1900000 Variable Expenses Cost of Goods Sold $ Selling Expenses Administratlve Expenses Total Varlable Expenses V Contribution Margin v Flsed Expenses Selling. Expenses Administrative Expenses Total Fed Expenses Total Flxed expenses Feet incomo werpetbook Medie