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. Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating incone Product White 48 Fragrant 201 Loonzain 321 Total 100% $355,200 106,560 100 30% $ 148,000 118,400 100% 80% $ 248,640 70% $ 29,600 201 $236,800 130,240 $ 106,560 100% $740,000 55 355,200 100% 481 451 384,800 526 226,720 $158,080 Dollar sales to break-even Fixed expenses/CM ratio $226,720/0.52 = $436.000 As shown by these data, net operating income is budgeted at $158,080 for the month and the estimated break-even sales is $436,000. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2