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 48% Fragrant 20% Loonzain 32% Total 100% Variable expenses $ 340,800 102,240 100% 30% $ 142,000 113,600 100% 80% $ 227,200 124,960 100% 55% $ 710,000 340,800 100% 48% Contribution margin Fixed expenses Net operating income $ 238,560 70% $ 28,400 20% $ 102,240 45% 369,200 52% 226,720 $ 142,480 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 $142,480 for the month and the estimated break-even sales is $436,000. 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.