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 White 48% Product Fragrant 20% Loonzain 32% Total 100% Sales Variable expenses $ 374,400 112,320 100% 30% $ 156,000 124,800 100% 80% $ 249,600 137,280 100% 55 % $ 262,080 70% $ 31,200 20% $ 112,320 45% $ 780,000 374,400 $ 405,600 100% 48% 52% Contribution margin Fixed expenses Net operating income 231,400 $ 174,200 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 $174,200 for the month and the estimated break-even sales is $445,000. Assume that actual sales for the month total $780,000 as planned; however, actual sales by product are: White, $249,600; Fragrant, $312,000; and Loonzain, $218,400. 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.