Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rico-White, Fragrant, and Loonzaln. Budgeted sales by product and in total for the coming month are shown below: 700 Product White Tragrant Loona Total Percentage of total sales 486 205 32 2001 Sales $360,000 1003 $ 150,000 1004 $ 240,000 100 $750,000 1001 Variable expenses 100.000 300 120,000 B01 132.000 558 360,000 480 Contribution margin 5.252,000 $ 30,000 201 $ 100,000 450 390,000 52 Tixed expenses 230,080 Not operating income $ 159, 120 Dollar sales to break even=Fixed expenses/CM ratio = $230,880 /0.52 - $444,000 As shown by these data, net operating income is budgeted at $159,120 for the month and the estimated break even sales is $444,000 Assume that actual sales for the month total $750,000 os planned; however actual sales by product are: White, $240,000: Fregrant. $300,000, and Loonzain, 5210,000 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