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 White Fragrant Loonzain Total Percentage of total sales 48% 20% 32% 100% Sales $ 316,800 100% $ 132, 000 100% $ 211, 200 100% $ 660,000 100% Variable expenses 95, 040 30% 105, 600 80% 116, 160 55% 316, 800 48% Contribution margin $ 221, 760 70% $ 26, 400 20% $ 95, 040 45% $ 343, 200 52% Fixed expenses 229, 840 Net operating income $ 113,360 Dollar sales to break-even = Fixed expenses/CM ratio = $229,840/0.52 = $442,000 As shown by these data, net operating income is budgeted at $113,360 for the month and the estimated break-even sales is $442,000. Assume that actual sales for the month total $660,000 as planned; however, actual sales by product are: White, $211,200; Fragrant, $264,000; and Loonzain, $184,800. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual sales data. Prey. 1 of 6 Next > O Hi 16