Russell Inc. had sales of $2,200,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses.                                                                     Variable                      Fixed Cost of goods sold                                $920,000                    $440,000 Selling  expenses                                    70,000                            45,000  Administrative  expenses                       86,000                            98,000   Prepare a CVP income statement for the quarter ended March 31, 2017

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