please help and show calculations
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 Sure Dynamic Shot $ 750,000 $ 250,000 661 796 Salon CM ratio Total $ 1,000,000 2 Fixed expenses total $593,000 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 $57,000 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 Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (6.0.1234 should be entered as 12:34) Flight Dynamic Sure Shot Total Company Amount Amount Amount 750 000 10000 $ 250.000 100.001 1.000.000 100.000 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 should be entered as 12.34).) Sales Variable expenses Contribution margin Fixed expenses Net operating income Flight Dynamic Amount $ 750,000 100.00 % 255,000 34.00% $ 495,000 66.00 % Sure Shot Amount % $ 250,000 100.00% 52,500 21.00% $ 197,500 79,00 % Total Company Amount 1,000,000 100.00% 307,500 % 692,500 100.00 % 593,000 $ 99,500 Required Required 2 > Required 1 Required 2 Required 3 What is the company's break-even point in dollar sales based on the current sales mix? (Do not round Intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales Required 1 Required 2 Required 3 lif sales increase by $57,000 a month, by how much would you expect the monthly net operating income to increase? (Do not round Intermediate calculations. Round your answer to the nearest whole dollar amount.) Not operating income increases by