Sunland Inc. had sales of $2,240,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $968,000 $476,000 Selling expenses 102,000 52,000 Administrative expenses 108,000 101,000 Prepare a CVP income statement for the quarter ended March 31, 2020. SUNLAND INC. CVP Income Statement For the Quarter Ended March 31, 2020