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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48% $ 307,200 92,160 $ 215,040 100% 30% 70% Fragrant 20% $ 128,000 102,400 $ 25,600 Product Loonzain 32% 100% $ 204,800 80% 112,640 20% $ 92,160 100% 55% 45% Total 100% $ 640,000 307,200 332,800 228,280 $ 104,520 100% 48% 52% Dollar sales to break-even = Fixed expenses / CM ratio = $228,280 / 0.52 = $439,000 As shown by these data, net operating income is budgeted at $104,520 for the month and the estimated break-even sales is $439,000. 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, $179,200. 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 Fragrant White Total Loonzain % Percentage of total sales % % % % % % % % % % % $ 0 0 % $ ol 0% $ 0 0 % 0 0 % $ 0 Required 1 Required 2 > 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: White 489 $ 307,200 92,160 $ 215,040 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100% 30% 70% Fragrant 20% $ 128,000 102,400 $ 25,600 Product Loonzain 32% 100% $ 204,800 80% 112, 640 20% $ 92, 160 100% 55% 100% 48% Total 100% $ 640,000 307,200 332,800 228,280 $ 104,520 459 52% Dollar sales to break-even = Fixed expenses/CM ratio = $228,280 / 0.52 = $439,000 As shown by these data, net operating income is budgeted at $104,520 for the month and the estimated break-even sales is $439,000. 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, $179,200. 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