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: White 48% $ 331,200 99,360 $ 231,840 100% 30% Fragrant 20% $ 138,000 110,400 $ 27,600 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Product Loonzain 32% 100% $ 220,800 80% 121,440 20% $ 99,360 100% 55% 100% 48% Total 100% $ 690,000 331,200 358,800 230,880 $ 127,920 70% 45% 52% Dollar sales to break-even = Fixed expenses / CM ratio = $230,880 / 0.52 = $444,000 = As shown by these data, net operating income is budgeted at $127,920 for the month and the estimated break-even sales is $444,000. Assume that actual sales for the month total $690,000 as planned; however, actual sales by product are: White, $220,800; Fragrant, $276,000; and Loonzain, $193,200. 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. 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 Fragrant Loonzain Total Percentage of total sales % % % % % % % % % % % % 0 % $ 0 0 0 % $ 0 0 % 0 0% $ $ o 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