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 $ 345,600 103,680 100% 30% Contribution margin Fixed expenses Net operating income $ 241,920 $ 144,000 115,200 70% $ 28,800 100% 80% $ 230,400 126,720 100% 55% $ 720,000 100% 345,600 48% 20% $ 103,680 45% 374,400 52% 230,360 $ 144,040 Dollar sales to break-even = Fixed expenses / CM ratio = $230,360 / 0.52 = $443,000 As shown by these data, net operating income is budgeted at $144,040 for the month and the estimated break-even sales is $443,000. Assume that actual sales for the month total $720,000 as planned; however, actual sales by product are: White, $230,400; Fragrant, $288,000; and Loonzain, $201,600. 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.