Q1: Nano Products markets two video games: A and B. Contribution format income statement for a recent month for the two products appears below: A B Total Sales $120,000 $40,000 $160,000 Variable expenses 55,000 17,000 72,000 Contribution margin $ 65,000 $23,000 88,000 Fixed expenses 41,250 Net operating income $ 46,750 Required: 1. Compute the overall contribution margin (CM) ratio for the company. 2. Compute the overall break-even point for the company in dollar sales. 3. Verify the overall break-even point for the company by constructing a contribution format income statement showing the appropriate levels of sales for the two products.