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Crane Inc. had sales of $2,370,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable $964,000 98,000 99,000 Fixed $453,000 83,000 122,000 Prepare a CVP income statement for the quarter ended March 31, 2020. CRANE INC. CVP Income Statement For the Quarter Ended March 31, 2020 $ $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2