As shown by these data, net operating income is budgeted at $36,400 for the month, andAs shown by these data, net operating income is budgeted at $36,400 for the month, and break-even sales at $430,000. Assume that actual sales for the month total $500,000 as planned. Actual sales by product are: sinks, $160,000; mirrors, $200,000; and vanities, $140,000. Required: 1. Prepare a contribution format income statement for the month based on actual sales data. 2. Compute the break-even point in sales dollars for the month, based on your actual data. 3. Considering the fact that the company met its $500,000 sales budget for the month, the president is shocked at the results shown on your income statement in (1) above. Prepare a brief memo for the president explaining why both the operating results and the break-even point in sales dollars are different from what was budgeted. Please show all work so i can learn how to do this.