Gold Star Rice Limited, of Thailand exports Thai rice throughout Asia. The company grows three vaneties of rice White, Fragrant, and Loonzain Budgeted sales by product and in total for the coming month are shown below White 485 100% 100% Product Fragrant Loontain 20% 32% $ 128,000 100% $ 204,800 102,400 BOX 112,640 $ 25,600 20% $ 92,160 40 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 307,200 92,160 $215,040 30% 100% 55% 45% Total 100% $ 60,000 307.200 332.800 225,680 $ 107,120 70% 52% Dollar sales to break even = Fixed expenses ICM ratio = $225680/0.52 = $434,000 As shown by these data, net operating income is budgeted at $107.120 for the month and the estimated break even sales is $434,000 Assume that actual sales for the month total $640,000 as planned; however actual sales by product are: White, $204,800 Fragrant $256.000, and Loonzain, $179200 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. Gold Star Rice, Limited Contribution Income Statement Product White Fragrant Loonzain Percentage of total sales % % % % % % Total % % RR % % % Required 2 > 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 Compute the break even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break even point in dollar sales