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% Total 100% Variable expenses $ 302,400 90,720 100% 30% $ 126,000 100,800 100% 80% $ 201,600 110,880 100% 55% $ 630,000 302,400 100% 48% Contribution margin Fixed expenses Net operating income $ 211,680 70% $ 25,200 20% $ 90,720 45% 327,600 52% 229,320 $ 98,280 Dollar sales to break-even = Fixed expenses / CM ratio = $229,320 / 0.52 = $441,000 As shown by these data, net operating income is budgeted at $98,280 for the month and the estimated break-even sales is $441,000. Assume that actual sales for the month total $630,000 as planned; however, actual sales by product are: White, $201,600; Fragrant, $252,000; and Loonzain, $176,400. 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. Gold Star Rice, Limited Contribution Income Statement Product White Fragrant Loonzain Percentage of total sales % % % % % % % % % % % Total % % % % 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