Russell Inc. had sales of $2,200,000 for the first quarter of 2025 (it sold 220,000 units). In making the sales, the company incurred the following costs and expenses.Prepare a CVP income statement for the quarter ended March 31, 2025. Include columns for per unit and percent of sales information.

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Cost of goods sold Selling expenses Administrative expenses Variable $920,000 70,000 88,000 Fixed $440,000 45,000 98,000