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 481 Fragrant 201 Loonzain 321 Total 100% Variable expenses $364,800 109,440 100 309 Contribution margin Fixed expenses Net operating income $ 255,360 70% $ 152,000 121,600 $ 30,400 100% $243,200 100% $760,000 100% 80% 133,760 20% $ 109,440 55 364,800 489 454 395,200 521 231,400 $163,800 Dollar sales to break-even Fixed expenses/CM ratio $231,400/0.52 - $445,000 As shown by these data, net operating income is budgeted at $163,800 for the month and the estimated break-even sales is $445,000. Assume that actual sales for the month total $760,000 as planned; however, actual sales by product are: White, $243,200; Fragrant, $304,000, and Loonzain, $212,800. 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 White Fragrant Loonzain Total Percentage of total sales %