Wildhorse 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 $2022,$ management estimates the following revenues and costs.

$($a$)$

Prepare a CVP income statement for $2022$ based on management's estimates.

WILDHORSE COMPANY

CVP Income Statement $($Estimated$)$

For the Year Ending December $31,2022$

$

Variable Expenses

Administrative Expenses

Contribution Margin

Cost of Goods Sold

Fixed Expenses

Net Income$/($Loss$)$

Sales

Selling Expenses

Total Fixed Expenses

Total Variable Expenses

Variable Expenses

Gross Profit