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 Percentage of total sales Fragrant toonzain Total 48% Sales 20% 32% 100 $ 316,800 100% Variable expenses $ 132,000 100% $ 211,200 100% 95,040 $ 660,000 100% 30% 105,600 80% Contribution margin 116, 160 55% 316,800 487 $ 221,760 70% $ 26,400 20% $ 95,000 Fixed expenses 343,200 52% 224, 120 Niet operating income $ 119,090 Dollar sales to break-even = Fixed expenses / CM ratio = 5224120 /0.52 = 5431.000 As shown by these data, net operating income is budgeted at $119.080 for the month and the estimated break-even sales is $431.000. Assume that actual sales for the month total 5660,000 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