Check my work Gold Star Rice, Limited, 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: Product Percentage of total sales Sales White 48 % Fragrant 20% Loonzain 328 Total 100% Variable expenses $ 350,400 105,120 100% $ 146,000 30% 116,800 100% 80% $ 233,600 128,480 100% 55% $ 730,000 350,400 100% 48% Contribution margin Fixed expenses Net operating income $ 245,280 70% $ 29,200 20% $ 105,120 45% 379,600 52% 230,880 $ 148,720 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 $148,720 for the month and the estimated break-even sales is $444,000. Assume that actual sales for the month total $730,000 as planned; however, actual sales by product are: White, $233,600; Fragrant, $292,000; and Loonzain, $204,400. 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.