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. Product Percentage of total sales White 48 Fragrant 201 Loonzain 32 Total 100% Sales Variable expenses $355,200 106,560 100% 30 148,000 118,400 100% 80% Contribution margin Fixed expenses Net operating income Dollar sales to break-even - Fixed expenses/CM ratio $233,480/0.52 - $449,000 " 5 248,640 70% $ 29,600 20% $236,800 130,240 $106,560 100% $740,000 554 100% 355,200 486 459 384,800 524 233,480 $151,320 As shown by these data, net operating income is budgeted at $151,320 for the month and the estimated break-even sales is $449,000. Assume that actual sales for the month total $740,000 as planned; however, actual sales by product are: White, $236,800; Fragrant, $296,000; and Loonzain, $207,200. 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. Required 1 Required 2 White Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limited Contribution Income Statement Fragrant Product Loonzain Total Percentage of total sales % % % % Sales % % % % % % % % Contributigs margin $ 0 0% $ 0 0% $ 0 0% 0 0% Fixed expenses Net operating income Required 1 Required 2 > $ 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