16 Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrant, and Loonzain Budgeted sales by product and in total for the coming month are shown below. 88 Product ints Percentage of total sales a Sales White 48% Fragrant 20% Loonzain 32% Total 100% Variable expenses Contribution margin $316,800 95,040 $221,760 100% 30% $ 132,000 105,600 100% $211,200 80% 116,160 100% $660,000 556 316,800 100% 48 70% $ 26,400 20% $ 95,040 45% 343,200 52% +Book Fixed expenses Net operating income 229,840 $113,360 Print Dollar sales to break-even Fixed expenses / CM ratio $229,840/0.52 $442,000 References As shown by these data, net operating income is budgeted at $113,360 for the month and the estimated break-even sales is $442,000 Assume that actual sales for the month total $660,000 as planned; however, actual sales by product are: White, $211,200; Fragrant, $264,000; and Loonzain, $184,800. Required: 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data. Complete this question by entering your answers in the tabs below. Check my 88 ints Required 1 Required 21 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limited Contribution Income Statement Product White Fragrant Percentage of total sales 48 % 20% Loonzain 32% Total 100 % Sales Variable expenses Contribution margin Fixed expenses Net operating income 00000 $355,200 100 % $148,000 100% % % % % % % $355,200 100 % $ 148,000 100 % S 0 0 % 0 % $ 0 Required 1 Required 2 > 16 Dollar sales to break-even - Fixed expenses / CM ratio $229,840/0.52 $442,000 5.88 points As shown by these data, net operating income is budgeted at $113,360 for the month and the estimated break-even sales is $442,000. Assume that actual sales for the month total $660,000 as planned; however, actual sales by product are: White, $211,200; Fragrant $264,000; and Loonzain, $184,800. Required: 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break even point in dollar sales