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Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,800,000 410,000 400,000 420,000 220,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $93,000 55,000 27,000 85,000 Prepare a CVP income statement for 2020 based on management's estimates. SUNLAND COMPANY CVP Income Statement (Estimated) $ Sales $ 1800000 Variable Expenses 93000 Administrative Expenses 27000 Total Variable Expenses 1350000 Contribution Margin 450000 Fixed Expenses Cost of Goods Sold