Sheridan Inc. had sales of $2,350,000 for the rst quarter of 2020. In ma king the sales, the com pany incurred the following costs and expenses. Variable Fixed Cost of goods sold $953,000 $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. 2020. SHERIDAN INC. CVP Income Statement For the Quarter Ended March 31. 2020