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 489 Fragrant 20% Loonzain 326 Total 100% $ 321,600 100% Variable expenses Contribution margin Fixed expenses Net operating income 96,480 $225,120 30% $ 134,000 107,200 100% 5 214,400 80% 70% $26,800 20 117,920 5.96.480 100% 559 $670,000 321,600 100% 481 45% 348,400 528 228,280 $ 120,120 Dollar sales to break-even Fixed expenses / CM ratio $228,280/0.52 $439,000 As shown by these data, net operating income is budgeted at $120,120 for the month and the estimated break-even sales is $439,000. 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.