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

	Product
	Flight Dynamic	Sure Shot	Total
Sales	$680,000	$320,000	$1,000,000
CM ratio	61%	72%	?

Fixed expenses total $583,500 per month.

Required:
1.	Prepare a contribution format income statement for the company as a whole. Round your percentage answers to 2 decimal places (i.e. .1234 is considered as 12.34).