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: Dollat sales to break-even = Fixed expenses /CM ratio =$449,280/0.64=$702,000 As shown by these data, net operating income is budgeted at $30,720 for the month and the estimated break-even sales is $702,000. Assume that actual sales for the month total $750,000 as planned; however, actual sales by product are: White, $300,000; Frogrant, $180,000, and Loonzain, $270,000. 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. Prepare a contribution format income statement for the month based on the actual sales data. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & Gold & ir Ric & : Limited & & & & & & & & \\ \hline & & & & Con & tribu & Inco & me Statem & men & & & & & & & \\ \hline & & & & & & & & & duct & & & & & & \\ \hline & & Wh & & & & Frag & frant & & & Loon & nxain & & Tot & & \\ \hline Percentage of total sales & & & % & & & & % & & & & % & & & % & \\ \hline Solos & & & & % & & & & % & & & & % & & & % \\ \hline Voriable expenses & & & & % & & & & % & & & & % & & & % \\ \hline Contribution margin & 5 & 0 & & % & s & 0 & & % & s & o & & % & 0 & & % \\ \hline Foxed expenses & & & & & & & & & & & & & & & \\ \hline Net operating income & & & & & & & & & & & & & $ & & \\ \hline \end{tabular} Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations.)