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: Sales CM ratio Product Flight Dynamic $ 680,000 Total Sure Shot $ 320,000 $ 1,000,000 61% 71% ? Fixed expenses total $577,000 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 $56,000 a month, by how much would you expect the monthly net operating income to increase? Answer is not complete. 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 (i.e. 0.1234 should be entered as 12.34).) Sales Variable expenses Contribution margin Fixed expenses Net operating income Flight Dynamic Amount Sure Shot % $680,000 100.000 Amount $320,000 ( 100.000 % Total Company Amount $1,000,000 ( % 100.000 61.00 71.00 7.00 X