Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Units Percentage Sinks 1,000 50% Mirrors 500 25% Vanities 500 25% Total 2,000 100% Percentage of total sales. Sales Variable expenses $456,000 100.00% Sinks 48% Product Mirrors 20% Vanities 32% Total 100% Contribution margin 60,000 13.16% $396,000 $190,000 100.00% 66,000 34.74% $304,000 94,000 86.84% $124,000 65.26% $210,000 100.00% 30.92% 69.08% $950,000 100.00% 194,400 20.46% 755,600 79.54% Contribution margin per unit $ 396.00 $ 248.00 $ 420.00 Fixed expenses Operating income 710,200 $ 45,400 Break-even point in sales dollars. = Fixed expenses Overall CM ratio. $710,200 0.80 = $892,919.53 Break-even point in unit sales: Total Fixed expenses. Weighted-average CM per unit $710,200 $365.00* = 1,945.75 units *($396.00 x 0.50) + ($248.00 x 0.25) + ($420.00 x 0.25) As shown by these data, operating income is budgeted at $45,400 for the month, break-even sales dollars at $892,919.53, and break- even unit sales at 1,945.75. Assume that actual sales for the month total $957,600 (2,100 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $710,200. Actual sales by product are as follows: sinks, $239,400 (525 units); mirrors, $399,000 (1,050 units); and vanities, $319,200 (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.)