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 485 Fragrant 20 Loonzain 329 Total 100% Sales Variable expenses Contribution margin $302,400 90,720 $211,680 100 30% $ 126,000) 100,800 70% $ 25,200) 20 100% $201,600 110,880 80% $90,720 100% $630,000 556 302,400 100% 48% 459 327,600 526 Fixed expenses 231,920 Net operating income $ 95,680 Dollar sales to break-even Fixed expenses/ CM ratio = $231,920/0.52 = $446,000 As shown by these data, net operating income is budgeted at $95,680 for the month and the estimated break-even sales is $446,000. 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.