View Policies Current Attempt in Progress Wildhorse Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $966,000 $471,000 Selling expenses 109.000 57.000 Administrative expenses 93.000 107.000 Prepare a CVP income statement for the quarter ended March 31, 2020. WILDHORSE INC. CVP Income Statement For the Quarter Ended March 31, 2020 eTextbook and Media