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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

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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 $ 150,000 $ 250,000 36% Sales CM ratio Total $ 400,000 2 80% Fixed expenses total $183,750 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 $100,000 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. .1234 should be entered as 12.34).) Flight Dynamic Sure Shot Total Company Amount Amount % % Amount % Required 1 Required 2 Required 3 What is the company's break-even point i calculations.) dollar sales based on the current sales mix? (Do not round intermediate Break-even point in dollar sales Required 1 Required 2 Required 3 If sales increase by $100,000 a month, by how much would you expect the monthly net operating income to increase? (Do not round intermediate calculations.) Net operating income increases by

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