As shown by these data, net operating income is budgeted at $102,440 for the month and the estimated break-even sales is $433,000. Assume that actual sales for the month total $630,000 as planned; however, actual sales by product are: White, $201,600; Fragrant, $252,000; and Loonzain, $176,400. 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. Required 1 Required 2 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 Loonzain Total Percentage of total sales % % % % % % % % % % % 0 0% $ 0 0% $ 0% 0 0% $ 0 < Required 1 Required 2 > Loonzain. Budgeted sales by product and in total for the coming month are shown below: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48% Product Fragrant 20% $ 302,400 90,720 100% 30% $ 126,000 100,800 100% 80% Loonzain 32% $ 201,600 110,880 Total 100% 100% 55% $ 211,680 70% $ 25,200 20% $ 90,720 45% $ 630,000 302,400 $ 327,600 100% 48% 52% 225,160 $ 102,440 Dollar sales to break-even = Fixed expenses/CM ratio = $225,160/0.52 = $433,000 As shown by these data, net operating income is budgeted at $102,440 for the month and the estimated break-even sales is $433,000. Assume that actual sales for the month total $630,000 as planned; however, actual sales by product are: White, $201,600; Fragrant, $252,000; and Loonzain, $176,400. 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. 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 < Required 1 Required 2 >