Check my work 2 Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceWhite, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: 10 points Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48 % $ 331,200 99,360 $ 231,840 100 % 30 % 70 % Product Fragrant Loonzain 20 % 32 % $ 138,000 100 % $ 220,800 100 % 110,400 80 % 121,440 55 % $ 27,600 20 % $ 99,360 45 % Total 100 % $ 690,000 331,200 358,800 231,920 $ 126,880 100 % 48 % 52 % eBook Print References Dollar sales to break-even Fixed expenses CM ratio $231,920 0.52 = $446,000 As shown by these data, net operating income is budgeted at $126,880 for the month and the estimated break-even sales is $446,000. Assume that actual sales for the month total $690,000 as planned; however, actual sales by product are: White, $220,800; Fragrant, $276,000, and Loonzain, $193,200. 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