Olongapo Sports Corporation distributes two premium golf balls--Flight Dynamic and Sure Shot. Monthly sales and the cor margin ratios for the two products follow Product Flight Sure Dynamic Shot $ 680,000 $ 320,000 616 80 Sales CM ratio Total $1,000,000 ? Fixed expenses total $579,000 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 $50,000 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 plac should be entered as 12.34).) Sales Flight Dynamic Amount % $ 680,000 100.00 % 265,200 39.00% $ 414,800 61.00 % Sure Shot Amount % $ 320,000 100.00% 64.000 20.00% $ 256,000 80.00 % Variable expenses Contribution margin Total Company Amount % 1,000,000 100.00% 329,200 11.14% 670,800 88.86 % 679,000 $ 91,800 Fixed expenses Net operating income Required 1 Required 2 Required 3 What is the company's break-even point in dollar sales based on the current sales mix? (Do not round Intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in sales Required 1 Required 2 Required 3 If sales increase by $50,000 a month, by how much would you expect the monthly net operating income to increase? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Net operating income increases by Required 2