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 incone Product White 48% Fragrant 20% Loonzain 32% Total 100% $ 316,800 95,040 $ 221,760 100% $132,000 30% 105,600 100% 80% $211,200 116,160 100 55% $660,000 100% 316,800 48% 70% $ 26,400 20% $ 95,040 45% 343,200 52% 233,480 $ 109,720 ces Dollar sales to break-even - Fixed expenses / CM ratio $233,480/0.52= $449,000 As shown by these data, net operating income is budgeted at $109,720 for the month and the estimated break-even sales is $449,000 Assume that actual sales for the month total $660,000 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