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 $ 326,400 97,920 100% 30% $ 136,000 108,800 Contribution margin $ 228,480 70% $ 27,200 20% 100% $ 217,600 80% 119,680 $ 97,920 100% 55% 45% $680,000 326,400 100% 48% 353,600 52% Fixed expenses 227,760 Net operating income $ 125,840 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 $125,840 for the month and the estimated break-even sales is $438,000. Assume that actual sales for the month total $680,000 as planned; however, actual sales by product are: White, $217,600; Fragrant, $272,000; and Loonzain, $190,400. 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% S 0 0% $ 0 0% 0 0% $ 0 < Required 1 Required 2 >