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: Product Flight Dynamic Sure Shot Sales CM ratio $ 690,000 $ 310,000 63% 73% Total $ 1,000,000 ? Fixed expenses total $586,500 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 $45,000 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 places (i.e. 0.1234 should be entered as 12.34).) Total Company Amount Flight Dynamic Amount Sure Shot % Amount % % Sales $ 690,000 100.00% $310,000 Variable expenses Contribution margin 255,300 37.00% 83,700 100.00% 27.00 % 1,000,000 100.00% $ 434,700 63.00 % $ 226,300 73.00 % 339,000 661,000 33.90 % 66.10 % Fixed expenses Net operating income $ 661,000 Required 1 Required 2 >