Danny's Fish Camp has sales of $1,500,000 for the first quarter of 2010. In making the sales, the company incurred the following costs and expenses. 
Instructions
Calculate net income under CVP for 2010.
Definitions:
Adjusting Entry
A log entry prepared at the termination of an accounting interval to apportion profits and outlays to the timeframe in which they really happened.
Unearned Rent Revenue
Income received by a company for rent that has not yet been earned because the rental period has not occurred.
Office Space
Premises used by businesses to carry out their day-to-day activities and operations.
Interest-Bearing Note
A debt instrument that requires the borrower to pay not only the principal amount but also periodic interest payments.
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