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 Percentage of total sales Sales White 48% Fragrant 20% Loonzain 32% $ 331,200 Variable expenses Contribution margin Fixed expenses Net operating income 99,360 $231,840 100% 30% $ 138,000 110,400 70% $ 27,600 100% 80% $ 220,800 20% 121,440 $ 99,360 100% 55% Total 100% $ 690,000 331,200 100% 48% 45% 358,800 52% 228,280 $ 130,520 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 $130,520 for the month and the estimated break-even sales is $439,000. Assume that actual sales for the month total $690,000 as planned; however, actual sales by product are: White, $220,800; Fragrant, $276,000; and Loonzain, $193,200. 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.