Claimjumper Makeover Sales Variable expenses $110,000 34,000 $ 55,000 7,250 Contribution margin Fixed expenses $ 76,000 $ 47,750 Total $ 165,000 41,250 123,750 Net operating income 87,750 $ 36,000 Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a contribution format in Required 3 element at the company's break-even point that shows the appropriate levels of sales for the two products. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Lucido Products Contribution Income Statement Claimjumper Makeover Total 0 0 $ 0 $ 0 0 $ 87,750 0