Chapter 5 HW 9 Saved Olongapo Sports Corporation distributes two premium golf balls-Flight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: 2 Product Total points Sales CM ratio Flight Dynamic Sure Shot $710,000 $ 290,000 $ 1,000,000 60% 738 ? Fixed expenses total $559,500 per month. eBook Hint References 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 $43,000 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. (Round your percentage answers to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) Flight Dynamic Amount Sure Shot % $ 710,000 Amount $ 290,000 % Total Company Amount $ 1,000,000 % Sales Variable expenses Contribution margin Fixed expenses Net operating income < Required 1 Required 2 >