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 20% Loonzain 32% Total 100% Sales Variable expenses $ 340,800 Contribution margin- 102,240 $238,560 100% 30% $142,000 113,600 100% 80% $227,200 124,960 100 $710,000 55 340,800 100% 48 70% $ 28,400 20 $ 102,240 459 369,200 52 Fixed expenses 232,440 Net operating income. $136,760 Dollar sales to break-even Fixed expenses/CM ratio = $232.440/0.52 = $447,000 As shown by these data, net operating income is budgeted at $136,760 for the month and the estimated break-even sales is $447,000. 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. 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. Gold Star Rice, Limited Contribution Income Statement Product