CH 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: White Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 345,600 103, 6AC $ 241, 920 100 30 70 Product Fragrant Loansain 20 326 100 $ 230,400 100 115,200 0 126,720 55 $ 20,000 20 $ 103,680 100 48 Total 100 $ 720,000 345,600 374,400 228, 280 $ 146,120 528 Dollar sales to break-even Fixed expenses CM ratio $228.280 0.52 - $439,000 As shown by these data, net operating income is budgeted at $146,120 for the month and the estimated break-even sales is $439,000 Assume that actual sales for the month total $720,000 as planned. Actual sales by product are: White, $230,400: Fragrant, $288,000, and Loonzain, $201.600. 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, Ltd. 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, Ltd Contribution Income Statement Product Fragrant White Loonzain Total Percentage of total sales % % %5 % % % 96 % % % % 5 0 0% $ 0 0 % 5 0 0 % o 0 % $ 0 Dollar sales to break-even Fixed expenses CM ratio $ 228, 280 0.52 $439,000 As shown by these data, net operating income is budgeted at $146,120 for the month and the estimated break-even sales Assume that actual sales for the month total $720,000 as planned. Actual sales by product are: White, $230,400; Fragrant, and Loonzain, $201,600, 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. (Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales