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 Fixed expenses White 48% Product Fragrant 20% Loonzain 32% $ 297,600 89,280 100% 30% $ 208,320 70% $ 124,000 99,200 $ 24,800 100% 80% 20% $ 198,400 109,120 $ 89,280 100% 55% 45% Total 100% $ 620,000 297,600 $ 322,400 233,480 100% 48% 52% Net operating income $ 88,920 Dollar sales to break-even = Fixed expenses/CM ratio = $233,480/0.52 = $449,000 As shown by these data, net operating income is budgeted at $88,920 for the month and the estimated break-even sales is $449,000. Assume that actual sales for the month total $620,000 as planned; however, actual sales by product are: White, $198,400; Fragrant, $248,000; and Loonzain, $173,600. 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.