As shown by these data, net operating income is budgeted at $107,120 for the month and the estimated break-even sales is $444,00 Assume that actual sales for the month total $650,000 as planned; however, actual sales by product are: White, $208,000; Fragrant, $260,000; and Loonzain, $182,000. 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 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Ltd. Contribution Income Statement Product White Fragrant Loonzain Total Percentage of total sales % % % % % % % % 1 1 % % % % $ 0 0 % $ 0 0 % $ 0 0 % 0 0 % $ 0 Gold Star Rice, Ltd., 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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48 % $ 312,000 93,600 $ 218,400 Product Loonzain 32 % 100 % $ 208,000 80 % 114,400 20 % 93,600 Fragrant 20 % $ 130,000 104,000 $ 26,000 100 % 30 % 70 % 100 % 55 % 45 % Total 100 % $ 650,000 312,000 338,000 230,880 $ 107,120 100 % 48 % 52 % Dollar sales to break-even Fixed expenses CM ratio $230,880 0.52 = $444,000 As shown by these data, net operating income is budgeted at $107,120 for the month and the estimated break-even sales is $444,000. Assume that actual sales for the month total $650,000 as planned; however, actual sales by product are: White, $208,000; Fragrant, $260,000; and Loonzain, $182,000. 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