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 488 $ 331,200 99, 360 $ 231,840 1000 300 700 Product Fragrant 208 $ 138,000 1000 110,400 800 $ 27,600 200 Loonzain 32 $ 220,800 1000 121,440 555 $ 99,360 455 Total 1001 $ 690,000 331,200 $ 358,800 228,280 $ 130,520 1008 486 520 Dollar sales to break-even = Fixed expenses/CM ratio = $228,280/0.52 = $439,000 As shown by these data, net operating income is budgeted at $130,520 for the month and the estimated break-even sales is $439,000 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. 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 Fragrant % White Total Loonzain % Percentage of total sales % % % % % % 0 % 0 0 % $ 0 0 % $ 0 0 0 % $ 0 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