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: Sales CM ratio Product Flight Dynamic Sure Shot $700,000 $300,000 68% 76% Total $1,000,000 ? Fixed expenses total $584,000 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). Flight Dynamic Amount % S 700,000 100.00 % Olongapo Sports Corporation Sure Shot Amount % $ 300,000 100.00 % Total Company Amount % 1,000,000 100.00 % Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 700,000 100.00 % $ 300,000 100.00 % 1,000,000 100.00% $ 1,000,000 2. Compute the break-even point for the company based on the current sales mix. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in sales 3. If sales increase by $48,000 a month, by how much would you expect net operating income to increase? (Do not round Intermediate calculations. Round your answer to the nearest whole dollar amount.) Net operating income increases by