Sheridan Inc. has sales of $1,840,000 for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $699,200 $552,000 Selling expenses 87,400 55,200 Administrative expenses 72,680 60,720 Prepare a CVP income statement for the quarter ended March 31, 2022. SHERIDAN INC. CVP Income Statement