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 Total

White Fragrant Loonzain

Percentage of total sales $48\%20\%32\%100\%$

Sales $ $355,200100\%$ $ $148,000100\%$ $ $236,800100\%$ $ $740,000100\%$

Variable expenses $106,56030\%118,40080\%130,24055\%355,20048\%$

Contribution margin $ $248,64070\%$ $ $29,60020\%$ $ $106,56045\%$ $ $384,80052\%$

Fixed expenses $227,760$

Net operating income $ $157,040$

Dollar sales to break$-$even $=$ Fixed expenses$/$CM ratio $=$ $$227,760/0\mathrm{.}52=$ $$438,000$

As shown by these data, net operating income is budgeted at $$157,040$ for the month and the estimated break$-$even sales is $$438,000.$

Assume that actual sales for the month total $$740,000$ as planned; however, actual sales by product are: White, $$236,800$; Fragrant, $$296,000$; and Loonzain, $$207,200.$

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.