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 $ 345,600 103,680 Contribution margin Fixed expenses Net operating income Dollar sales to break-even = Fixed expenses / CM ratio = $229,320 / 0.52 = $441,000 $ 241,920 100% $ 144,000 30% 115,200 70% $ 28,800 100% $ 230,400 80% 126,720 20% $ 103,680 100% 55 % $ 720,000 345,600 100% 48% 45% 374,400 52% 229,320 $ 145,080 As shown by these data, net operating income is budgeted at $145,080 for the month and the estimated break-even sales is $441,000. Assume that actual sales for the month total $720,000 as planned; however, actual sales by product are: White, $230,400; Fragrant, $288,000; and Loonzain, $201,600. 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 % % % % do do do Product Loonzain % do do do % % % % % % Required 1 Required 2 Total % % % % do do do 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 >