Fontillas Manufacturing Inc. had sales of $2.5 million for the first quarter of 2012. In making the sales, the company incurred the following costs and expenses:

__________________________________ Variable __________ Fixed

Cost of goods sold ........................... $850,000 ........... $450,000

Selling expenses .............................. 140,000 ............... 65,000

Administrative expenses .......................70,000 ................ 90,000

Prepare a CVP income statement for the quarter ended March 31, 2012?