Sunland Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2022, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses-variable $93,000 Direct materials 410,000 Selling expenses-fixed 55,000 Direct labor 400,000 Administrative expenses-variable 27,000 Manufacturing overhead-variable 420,000 Administrative expenses-fixed 85,000 Manufacturing overhead-fixed 220,000 (a) Your answer is correct. Prepare a CVP income statement for 2022 based on management's estimates. Sales Variable Expenses SUNLAND COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Cost of Goods Sold $ 1230000 Selling Expenses Administrative Expenses Total Variable Expenses Contribution Margin Fixed Expenses 93000 27000 Cost of Goods Sold 220000 i Selling Expenses 55000 i Administrative Expenses 85000 Total Fixed Expenses Net Income/(Loss) eTextbook and Media 1800000 1350000 i 450000 360000 i 90000 Attempts: 1 of 2 used