Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceWhite, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Dollar sales to break-even = Fixed expenses /CM ratio =$230,360/0.52=$443,000 As shown by these data, net operating income is budgeted at $154,440 for the month and the estimated breakeven sales is $443,000. Assume that actual sales for the month total $740,000 as planned; however, actual sales by product are: White, $236,800; Fragrant, $296,000; and Loonzain, \$207,200. 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. ports Thai rice throughout Asia. The company grows three varieties of riceed sales by product and in total for the coming month are shown below: penses /CM ratio =$230,360/0.52=$443,000 Ig income is budgeted at $154,440 for the month and the estimated break- ith total $740,000 as planned; however, actual sales by product are: White, Loonzain, $207,200. me statement for the month based on the actual sales data. dollar sales for the month based on your actual data. Dollar sales to break-even = Fixed expenses /CM ratio =$230,360/0.52=$443,000 As shown by these data, net operating income is budgeted at $154,440 for the month and the estimated breakeven sales is $443,000 Assume that actual sales for the month total $740,000 as planned; however, actual sales by product are: White, $236,800; Fragrant, $296,000; and Loonzain, $207,200. 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. Prepare a contribution format income statement for the month based on the actual sales data. Prepare a contribution format income statement for the month based on the actual sales data. Required 2> ment for the month based on the actual sales data. 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. 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.)