Check my work 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: Product White 48 % Fragrant 20 % Loonzain 32 % Total 100 % Percentage of total sales 100% 30 % $126,000 100,800 100% 80 % $201,600 110,880 100% $630,000 $302,400 90,720 100% Sales Variable expenses Contribution margin Fixed expenses Net operating income 55 % 302, 400 48 % $211,680 70% $25,200 20% $90,720 45 % 327,600 52 % 224,12 $103,4860 Dollar sales to break- Fixed expenses $224,120 = $431,000 even CM ratio 0.52 As shown by these data, net operating income is budgeted at $103,480 for the month and the estimated break-even sales is $431,000 Assume that actual sales for the month total $630,000 as planned. Actual sales by product are: White, $201,600; Fragrant, $252,000; and Loonzain, $176,400 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 Gold Star Rice, Ltd. Contribution Income Statement Produet