please provide an answer to question 3. Please provide a step-by-step solution. ..2079 is incorrect.

Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three productssinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Sinks Mirrors Vanities Total Units 1,000 500 500 2,000 Percentage 508 250 258 100 Product Sinks Mirrors Vanities Total Percentage of total sales 48% 20% 32% 1008 Sales $336,000 100.000 $140,000 100.000 $224,000 100.000 $700,000 100.000 Variable expenses 70,000 20.838 72,000 51.438 88,000 39.298 214,950 30.71% Contribution margin $266,000 79.178 $ 68,000 48.57% $136,000 60.71% 485,050 69.298 Contribution margin per unit $ 266.00 $ 136.00 $ 272.00 Fixed expenses 444,650 Operating income $ 40,400 Break-even point in sales dollars Fixed expenses Overall CM ratio $444,650 0.69 - $641, 696.73 Break-even point in unit sales: Total Fixed expenses Weighted average CM per unit $444,650 $235.00 - 1,892.13 units ($266.00 x 0.50) + ($136.00 x 0.25) + ($272.00 x 0.25) As shown by these data, operating income is budgeted at $40,400 for the month, break-even sales dollars at $641,696.73, and break- even unit sales at 1,892.13. Assume that actual sales for the month total $705,600 (2,100 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $444,650. Actual sales by product are as follows: sinks, $176,400 (525 units); mirrors, $294,000 (1,050 units); and vanities, $235,200 (525 units). Required: 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your answers to 2 decimal places.) Sinks Vanities Total SMITHEN COMPANY Contribution Margin Income Statement Product Mirrors % $ 294,000.00 100.00 % $ 51.43% $ 294,000.00 48.57% $ % 100.00% % 176,400.00 $ 235,200.00 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Operating income loss) 100.00% 20.83 % 79.17% 100.00% 39.29% 60.71% 100.00% % $ 176,400.00 235,200.00 0.00 100.00% $ 0.00 2. Compute the break-even point in sales dollars for the month, based on the actual data. (Round your percentage answers to nearest whole percent. Round other intermediate values and final answer to the nearest whole dollar.) Break-even point in sales dollars 53,475 3. Calculate the break-even point in unit sales for the month, based on the actual data. (Do not round your intermediate calculations. Round your final answer to the nearest whole number.) Break-even point in unit sales