Chapter 5 Canvas Homework - SHOW YOUR WORK FOR CREDIT Break-Even for a Multiproduct Lucky Products markets two board games: Game 1 and Game B. A contribution format income statement for a recent month for the two games appears below: Game 1 Game B Total Sales $ 98,000 $ 49,000 $ 147,000 Variable expenses 30,400 6,350 36,750 Contribution margin $ 67,600 $ 42,650 110,250 88,200 Fixed expenses Net operating income $ 22,050 Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products