explanations are greatly appreciated !

Fixed expenses Dollar sales to break even CM ratio $449, 280 0.64 = $702,000 As shown by these data, net operating income is budgeted at $30,720 for the month and the estimated break-even sales is $702,000 Assume that actual sales for the month total $750,000 as planned. Actual sales by product are: White, $300,000; Fragrant, $180,000; and Loonzain, $270,000. 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. Contribution Income Statement Product White Fragrant Loonzain Total Percentage of total % % % % % % % % % % % % old Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White, 'agrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: White 20 $ 150,000 108,000 Product Fragrant Loonzain Total 52% 28 100 100$ 390,000 100% $ 210,000 100 $750,000 72 78,000 20% 84,000 40 270,000 28% $ 312,000 88 * $ 126,000 480,000 449,280 $ 30,720 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100 36 $ 42,000 60 64 Dollar sales to break even Fixed expenses CM ratio $449,280 0.64 $702,000 s shown by these data, net operating income is budgeted at $30,720 for the month and the estimated break-even sales is 702,000 ssume that actual sales for the month total $750,000 as planned. Actual sales by product are: White, $300,000; Fragrant, 180,000; and Loonzain, $270,000 squired: Prepare a contribution format income statement for the month based on the actual sales data. 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