Gold Star Rice, Limited, of Thailand exports Thal 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: White Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 379,200 113, 760 $ 265, 440 100% Product Fragrant 20% $ 158,000 126. 400 $ 31,600 1005 305 % Loonzain 324 $ 252, 800 100% 139, 040 55% $ 113, 760 45% 100% 80% 20% Total 100% $ 790,000 379,200 $ 410, 800 227, 240 $ 183, 560 70 525 Dollar sales to break-even = Fixed expenses/CM ratio = $227,240/0.52 = $437,000 As shown by these data, net operating Income is budgeted at $183,560 for the month and the estimated break-even sales is $437,000. Assume that actual sales for the month total $790,000 as planned; however, actual sales by product are: White, $252,800; Fragrant, $316,000; and Loonzaln, $221,200. 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. Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limited Contribution Income Statement Product Fragrant White Loonzain Total Percentage of total sales 996 996 996 96 % % % % % 96 96 $ 0 0 % 5 0 0 % $ 0 06 01 096 $ 0 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. Required 1 Required 2 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.) Break-even point in dollar sales