Wildhorse Company has sales of $1,580,000 for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses. Product costs Selling expenses Administrative expenses Variable Net Income $ $511,000 111,000 91,000 Fixed $561,000 86,000 78,000 Calculate the company's net income under CVP for 2022.

Wildhorse Company has sales of $1,580,000 for the first quarter of 2022 . In making the sales, the company incurred the following costs and expenses. Calculate the company's net income under CVP for 2022. Net Income