wrier Exercise 20-2 Hamby Inc. has sales of $2,069,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $772,000 $606,000 Selling expenses 99,000 61,900 Administrative expenses 85,900 76,400 Prepare a CVP income statement for the quarter ended March 31, 2017 HAMBY INC. Income Statement