(Solved): The GAAP income statement for Sandhill Company for the year ended December 31,2022, shows sales $92 ...

The GAAP income statement for Sandhill Company for the year ended December 31,2022, shows sales $$\$920,000$$, cost of goods sold $$\$560,000$$, and operating expenses $$\$170,000$$. Assuming all costs and expenses are $$60\%$$ variable and $$40\%$$ fixed, prepare a CVP income statement through contribution margin.