Sunland Inc. had sales of $2,230,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses.

Variable Fixed Cost of goods sold Selling expenses Administrative expenses $477,000 61,000 120,000 $961,000 80,000 104,000 Prepare a CVP income statement for the quarter ended March 31, 2020. SUNLAND INC. CVP Income Statement For the Quarter Ended March 31, 2020