Sheridan Inc. had sales of $2,350,000 for the first quarter of 2025 (it sold 235,000 units)....

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Sheridan Inc. had sales of $2,350,000 for the first quarter of 2025 (it sold 235,000 units). In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $842,000 $444,000 Selling expenses 93,000 62,000 Administrative expenses 99,000 129,000 Prepare a CVP income statement for the quarter ended March 31, 2025. (Round per unit answers to 2 decimal places, eg. 15.25.) SHERIDAN INC. CVP Income Statement Total Per Unit Percent of Sales % 96 Total SHERIDAN INC. CVP Income Statement $ Per Unit Percent of Sales % % % Sheridan Inc. had sales of $2,350,000 for the first quarter of 2025 (it sold 235,000 units). In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $842,000 $444,000 Selling expenses 93,000 62,000 Administrative expenses 99,000 129,000 Prepare a CVP income statement for the quarter ended March 31, 2025. (Round per unit answers to 2 decimal places, eg. 15.25.) SHERIDAN INC. CVP Income Statement Total Per Unit Percent of Sales % 96 Total SHERIDAN INC. CVP Income Statement $ Per Unit Percent of Sales % % %