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 20% Loonzain 32% Total 100% Sales Variable expenses $ 297,600 89,280 100% 30% $ 124,000 99,200 Contribution margin Fixed expenses Net operating income $ 208,320 70% $ 24,800 100% 80% 20% $ 198,400 109,120 100% 55% $ 620,000 297,600 100% 48% $ 89,280 45% 322,400 52% 229,320 $ 93,080 Dollar sales to break-even = Fixed expenses / CM ratio = $229,320 / 0.52 = $441,000 As shown by these data, net operating income is budgeted at $93,080 for the month and the estimated break-even sales is $441,000. Assume that actual sales for the month total $620,000 as planned; however, actual sales by product are: White, $198,400; Fragrant, $248,000; and Loonzain, $173,600. 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 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limited Contribution Income Statement Product White Percentage of total sales % Fragrant % Loonzain Total % % % % % % % % % % $ 0 0% $ 0 0% $ 0 0% 0 0% $ 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. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales < Required 1 Required 2 >