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 Contribution margin Fixed expenses Net operating income $ 345,600 103,680 $ 241,920 100% $ 144,000 30% 115,200 70% $ 28,800 20% 100% $ 230,400 80% 126,720 $ 103,680 100% 55 % $ 720,000 345,600 100% 48% 45% 374,400 52% 225,160 $ 149,240 Dollar sales to break-even = Fixed expenses / CM ratio = $225,160 / 0.52 = $433,000 As shown by these data, net operating income is budgeted at $149,240 for the month and the estimated break-even sales is $433,000. 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.