ces Sales ratios for the two products TOLLOW! CM ratio Product Total Flight Dynamic $710,000 Sure Shot $290.000 $1,000,000 60% 74% Fixed expenses total $588,500 per month. Required: 1. Prepare a contribution format income statement for the company as a whole. 2. What is the company's break-even point in dollar sales based on the current sales mix? 3. If sales increase by $58,000 a month, by how much would you expect the monthly net operating income to increase? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a contribution format income statement for the company as a whole. Note: Round your percentage answers to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Sales Variable expenses Contribution margin Fixed expenses Net operating income Flight Dynamic Sure Shot Amount % Amount % Total Company Amount % S 710,000 100.00 $ 290,000 100.00 $ 1,000,000 100.00 220 100 40.00 28.00 S 432,000 60.00 74.00 Required 2 588,500