Sheffield Inc. has sales of $$2,069,000$ for the first quarter of $2020.$ In making the sales, the company incurred the following costs and expenses.

Variable

Fixed

Cost of goods sold

$$772,000$

$$606,000$

Selling expenses

$99,000$

$61,900$

Administrative expenses

$85,900$

$76,400$

Prepare a CVP income statement for the quarter ended March $31,2020.$