WildhorseCompany bottles and distributes B-Lite, a diet soft drink. The beverage is sold for50cents per 16-ounce bottle to retailers, who charge customers75cents per bottle. For the year 2020, management estimates the following revenues and costs.

Sales$1,850,000Selling expensesvariable$95,000Direct materials470,000Selling expensesfixed54,000Direct labor340,000Administrative expensesvariable30,000Manufacturing overheadvariable360,000Administrative expensesfixed109,000Manufacturing overheadfixed170,000

Prepare an CVP income statement for 2020 based on management's estimates.

WILDHORSECOMPANY

CVP Income Statement (Estimated)

For the Year Ending December 31, 2020