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 Sales White 48% Fragrant 20% Loonzain 32% Variable expenses $ 379,200 113,760 100% 30% Total 100% Contribution margin Fixed expenses Net operating income $ 158,000 126,400 $ 265,440 70% $ 31,600 100% 80% 20% $ 252,800 139,040 100% 55% $ 790,000 379,200 100% 48% $ 113,760 45% 410,800 52% 231,400 $ 179,400 Dollar sales to break-even = Fixed expenses CM ratio = $231,400 0.52 = $445,000 As shown by these data, net operating income is budgeted at $179,400 for the month and the estimated break-even sales is $445,000. Assume actual sales for the month total $790,000 as planned; however, actual sales by product are White, $252,800; Fragrant, $316,000; and Loonzain, $221,200. 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