Exercise 6-12 Multiproduct Break-Even Analysis [LO6-9] 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: Product Flight Dynamic Sales CM ratio $ 710,000 Sure Shot $ 290,000 63% 71% Total $ 1,000,000 ? Fixed expenses total $567,500 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 $41,000 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 (l.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 % $ 710,000 % % 710,000 % 13 % % 0 % $ 710,000 0.00 % $ 0 0.00 % 710,000 0.00 % $ 710,000 < Required 1 Required 2 >