Check 3 Gold Star Rice, Ltd, of Thailand exports Thal 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 48 % 5 102,400 90, 720 $ 211,680 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating Income Fragrant 20% $ 126,000 169,880 $ 25,200 100 30 70 X 01:47:49 Product Loontain 32% 100 x $ 201,600 BOX 110,850 20 %$ 99,720 Total 100 100 X $630,000 55 % 382,400 45 % 327,600 231,400 $ 96,200 169% 481 521 klipped Ferences Dollar sales to break-even Fixed expenses CH ratio $2.31,400 0.52 5445,000 As shown by these data, net operating income is budgeted at $96.200 for the month and the estimated break-even sales is $445.000 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. 3 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. 10 points Complete this question by entering your answers in the tabs below. 8 014721 Skipped References 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 White Fragrant Loonzain Percentage of total sales Total % % 96 % % % 98 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 2:06 Loonzain Total White % % Percentage of total sales 96 % 96 % % 0 % % % 01% % 019 0 0 $ S 0 % 0 $ $ 0 Required 2 >