Sandhill Company has sales of $1,573,000 for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses. Product costs Selling expenses Administrative expenses Variable Net Income $ $510,000 110,000 90,000 Fixed $560,000 85,000 77,000 Calculate the company's net income under CVP for 2022.

Sandhill Company has sales of $1,573,000 for the first quarter of 2022 . In making the sales, the company incurred the following costs and expenses. Calculate the company's net income under CVP for 2022. Net Income