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 2006 Loonzain 32% Total 100% Sales Variable expenses $ 379,200 113,760 100% 3805 $ 158,000 126,400 100% 80% Contribution margin Fixed expenses Net operating income $ 265,440 700% $31,600 200% $ 252,800 139,040 $ 113,760 100% 55% $ 790,000 100% 379,200 48% 45% 410,800 52% 227,760 $ 183,040 Dollar sales to break-even = Fixed expenses/CM ratio = $227,760/0.52 = $438,000 As shown by these data, net operating Income is budgeted at $183,040 for the month and the estimated break-even sales is $438.000. Assume that 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 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 Percentage of total sales % % % % % % % % % % % < Required 1 Required 2 > Total % % % % 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 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 >