Gold Star Rice, lid, 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. Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating Income White 48 % 307,200 92,160 $215,040 Fragrant 20 X 100% $ 128,000 30 x 102,400 70 %$ 25,600 Product Loonrain Total 323 100 x 100 % 204,800 100 % 5640,000 112,640 55 307.200 20 X 5 92,164 45 * 332,500 228,800 $ 104,000 100 4 52 Fixed expenses CM ratio Dollar sales to break-even 1228,000 $440,000 As shown by these data, net operating income is budgeted at $104,000 for the month and the estimated break-even sales is $440,000 Assume that actual sales for the month total $640,000 as planned, however, actual sales by product are: White, $204,800, Fragrant $256,000, and Loonzain, $179,200. 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. ht Prev 1 of 3 Next > Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Lid Contribution Income Statement Product Fragrant White Loontain Total % % % % Percentage of total sales Sales Variable expenses Contribution margin Faced expenses Net operating income % 0% 5 % % 0 % % % 0% % % 0 % $ 0 0 $ 0 0 $ 0 Required 2 > pray 1 11! NAVI 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 Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales