Olongapo Sports Corporation distributes two premium golf balls-the Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product Flight Dynamic $700,000 64% Sure Shot $300,000 76% Total Sales $1,000,000 CM ratio Fixed expenses total $567,500 per month. Required: 1. Prepare 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). Olongapo Sports Corporation Total Company Flight Dynamic Sure Shot % Amount Amount Amount Sales 1,000,000 % 1,000,000 % Variable expenses 324,000 % 324,000 % 0.00 % 0,00 % Contribution margin 0.00 % S 676,000 0 676,000 Fixed expenses 567,500 108,500