Gold Star Rice Lid of Thailand exports Thalice throughout Asia. The company grows three varieties of rice-White Fragrant and Loontain Budgeted sales by product and in total for the coming month are shown below. White 4 $1,000 16,43 1225,120 Percent of total mais variable expenses Contribution in Freep in con Product Et 201 325 100134.000 100 214,400 101 107,200 11,920 705 5 26.000 2015 96.400 100 52 Total 100 10055670,000 121,600 45 348,400 220, $ 119,00 ON ratio Dollar sales to breakeven 1320, 0:53 $440,000 As shown by these data, net operating income is budgeted at $119.600 for the month and the estimated break even sales is $440,000 Assume that actual sales for the month total 5670,000 as planned. Actual sales by product are: White, $214,400: Fragrant, $268.000. and Loanzan5187.600 Required 1. Prepare a contribution format income statement for the month based on the actual sales dato. 2. Comoute 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. Red 1 Required Prepare a contribution format income statement for the month based on the actual sales data GM Star Rice, Lid Contribution constant Product Fragrant White Loontain Total Petage of 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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48 $ 121,600 96,480 $225,120 100 30 7e Fragrant 20% $ 134,000 103, 2ee $ 26,800 Product Loontain Total 32% 100 100 $ 214,400 100 % 670,000 BOX 117,920 55 321,600 20 $ $ 96,480 45% 348,400 228,800 $ 119,600 100% 48 % 52% Dollar sales to break-even Fixed expenses CM ratio $223, see 2,52 - $440, eee As shown by these data, net operating Income is budgeted at $119,600 for the month and the estimated break-even sales is $440,000 Assume that actual sales for the month total 5670,000 as planned. Actual sales by product are: White. $214,400; Fragrant, $268,000 and Loonzain, $187,600. 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. (Round your answer to the nearest whole dollar amount.) Break even point in dolar sales