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% $ 340,800 Variable expenses Contribution margin 102,240 $238,560 100% 30% $142,000 113,600 100% 80% 70% $ 28,400 20% $ 227,200 124,960 $ 102,240 100% $710,000 100% 55% 340,800 48% 45% 369,200 52% Fixed expenses 230,880 Net operating income $ 138,320 Dollar sales to break-even - Fixed expenses/ CM ratio $230,880/0.52 $444,000 As shown by these data, net operating income is budgeted at $138,320 for the month and the estimated break-even sales is $444,000 Assume that actual sales for the month total $710,000 as planned, however, actual sales by product are: White, $227,200, Fragrant, $284,000; and Loonzain, $198,800 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.