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 Total Flight Dynamic Sure Shot Sales $ 690,000 $ 310,000 $ 1,000,000 CM ratio 69% 79% ? Fixed expenses total $580,000 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 $60,000 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. 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).) Complete this question by entering your answers in the tabs below. 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.) f sales increase by $60,000 a month, by how much would you expect the monthly net operating income to increase? (Do not ound intermediate calculations. Round your answer to the nearest whole dollar amount.)