$($this is part one of my question, i will be sending the other half in a few seconds. it will have $($PART $2).$ So please try to answer that one too.$)$

Crane 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 $2020,$ management estimates the following revenues and costs.

Prepare a CVP income statement for $2020$ based on management's estimates.

CRANE COMPANY

CVP Income Statement $($Estimated$)$

For the Year Ending December $31,2020$

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