Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow:

Product Flight Dynamic $680,000 Sure Shot Total Sales CM ratic 320,000 1,000,000 61% 78% Fixed expenses total $593,000 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 $55,000 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 Required1 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 Sure Shot Total Company Amount Amount Amount 680,000 265,200 S 414,800 $ 100 001%$ 320,000| 89,600 61.00 % $ 230.400 100.00% | 28.00% 72 00% es 1,000,000100 00% riable expenses 39.00 % 354.800 35.481% Contribution margin 645200| 64 52 %