Wildhorse Inc. had sales of $2,210,000 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 $949,000 90,000 132,000 Fixed $457,000 47,000 132,000 Prepare a CVP income statement for the quarter ended March 31, 2020. WILDHORSE INC. CVP Income Statement