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. Percentage of total sales Sales Variable expenses Contribution margin i Fixed expenses Net operating incone Product White 48% Fragrant 20% Loonzain 32% Total 100% $321,600 96,480 $225,120 100% 10% $ 134,000 107,200 100% 80% $ 214,400 117,920 100% 55% $670,000 321,600 100% 48% 70% $ 26,000 20% $ 96,480 45% 348,400 52% 228,288 $120,120 Dollar sales to break even Fixed expenses / CM ratio $228,280/0.52 - $439,000 As shown by these data, net operating income is budgeted at $120,120 for the month and the estimated break even sales is $439,000. Assume that actual sales for the month total $670,000 as planned; however, actual sales by product are: White, $214,400. Fragrant $268,000, and Loonzain, $187,600 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 11 Required 2 franare a contribution format income statement for the month based on the actual sales data. Assume that actual sales for the month total $670,000 as planned; however, actual sales by product are: White. $214,400; Fragrant, $268,000; and Loonzain, $187.600. 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 White Percentage of total sales Fragrant Product Loonzain % % % % % % % % Total % % Dollar sales to break-even - Fixed expenses / CM ratio $228,280/0.52 $439,000 As shown by these data, net operating income is budgeted at $120,120 for the month and the estimated break even sales is $439,000. Assume that actual sales for the month total $670,000 as planned; however, actual sales by product are: White, $214,400; Fragrant. $268.000; and Loonzain, $187,600. 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 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