Marlin company, a wholesale distributor has been operating for only a few months . The company sells three products sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below. Total sales percentage 48%, 20% 32% 100%. Sales $240000 100% $ 100000 100% $160000 100% $500000 100%. Variable expenses 72000 30% $80000 80% 88000 55% 240000 48% . Fixed expenses $ 223000 Dollar sales break even = 430000 1. Prepare a contribution format income statement for the month based on actual sales data. Compute the break even point in sales dollars for the month based on your actual data. Considering the fact that the company its $500000 sales budget for the month, the president is shocked by the results shown on the income statement 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.