16 Gold Star Rice Limited, of Thailand exports Thai tice 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: Troues LOO 588 points 1003 HIER 403 $ 32,400 96.400 221120 Tracta 201 1001 134,000 301 1027200 700 $26.000 Percentage of total sales Bales Vare expens contribution in Fixed panas set in incon 2004 B01 203 31. 100 312920 S96.500 Tota 1001 1001 670,000 SSL 321,00 368.100 999,00 113.560 520 ok Wences Dollar sales to break-even Fixed expenses/CM ratio=$229,840/0.52 = 5442.000 As shown by these data, net operating income is budgeted at $118,560 for the month and the estimated break even sales is $442.000 Assume that actual sales for the month total $670 000 as planned however, actual sales by product are White, $214.400, Fragrant $268.000, and Loonzain 5187600 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. Complete this question by entering your answers in the tabs below. 5.88 Don Required 1 Red Prepare a contribution format income statement for the month based on the actual data Print Det Gold Star Rice, Limited Contribution Income Statement Product Fragrant White Loontain Total Percentage of total sales 26 5 3 5 0 ONS 0 0% 0 0 % 0 ON 5 Required 2 > 16 OLENO one 5 Doin Dollar sales 10 break even - expenses CM ratio-$229.8407052 = $142000 As shown by these data, net operating incomes budgeted at $18,560 for the month and the estimated break even sales is $442.000 Assume that actual sale for the month to 5670,000 as planned, however, actual sales by product are: Wite. $214.400, Fragrant $268,000, and Loonzain, $187600 Required: Prepare a contribuon format income statement for the month based on the actual sales data 2 Comoute the break even point in dollar sites for the month based on your actual data P Complete this question by entering your answers in the tabs below. Record 1 Recured Compute the book even point doller sales for the bed on your actual data to not round intermediate calcision toond your answer to the whole do not tindows