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 Loonzain 20% 32 Total 100% Sales Variable expenses $ 321,600 96,480 100% 30% $ 134,000 107,200 100% 80% $214,400 117,920 100% $670,000 55 321,600 100% 48 Contribution margin $ 225,120 70% $ 26,800 201 $ 96,480 45% 348,400 52 Fixed expenses Net operating income 226,720 $121,600 Dollar sales to break-even Fixed expenses/CM ratio = $226,720/0.52 = $436,000 As shown by these data, net operating income is budgeted at $121,680 for the month and the estimated break-even sales is $436,000. 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 Prepare a contribution format income statement for the month based on the actual sales data.