Sandhill Inc. had sales of $2,400,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable $958,000 Textbook and Media 115,000 132,000 SANDHILL INC. CVP Income Statement Prepare a CVP income statement for the quarter ended March 31, 2020. tA Fixed $488,000 $ 64,000 110,000 T

Sandhill Inc. had sales of $2,400,000 for the first quarter of 2020 . In making the sales, the company incurred the following costs and expenses. Prepare a CVP income statement for the quarter ended March 31,2020. Prepare a CVP income statement for the quarttr ended March 31, 2020