Sheridan Inc. had sales of $2,508,000 for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $1,048,800 $501,600 Selling expenses 79,800 51,300 Administrative expenses 98,040 111,720 Prepare a CVP income statement for the quarter ended March 31, 2022. J SHERIDAN INC. CVP Income Statement For the Quarter Ended March 31, 2022 $ AA +A