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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48% $ 292,800 87,840 $ 204,960 100% 30% 70% Product Fragrant Loonzain 20% 328 $ 122,000 100% $ 195,200 97,600 80% 107,360 $ 24,400 20% $ 87,840 Total 100% 100% $ 610,000 55% 292,800 45% 317,200 226, 200 $ 91,000 100% % 489 529 Dollar sales to break-even = Fixed expenses / CM ratio = $226,200 / 0.52 = $435,000 = As shown by these data, net operating income is budgeted at $91,000 for the month and the estimated break-even sales is $435,000. Assume that actual sales for the month total $610,000 as planned; however, actual sales by product are: White, $195,200; Fragrant, $244,000; and Loonzain, $170,800. 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, Limited Contribution Income Statement Product White Loonzain Total Fragrant % Percentage of total sales % % % % % % % % % % % % % %