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: Product White Fragrant Loonrain Total Percentage of total sales 488 200 32 1001 Sales $ 350,400 1001 $ 146,000 1001 $ 233,600 100 $ 730,000 1008 Variable expenses 105,120 308 116,800 808 128,480 550 350,400 480 Contribution margin $ 245, 280 700 $ 29,200 20 $ 105,120 451 379,600 520 Fixed expenses 220,000 Net operating income $ 150,800 Dollar sales to break-even Fixed expenses / CM ratio - $228,800 / 0.52 - $440,000 As shown by these data, net operating income is budgeted at $150,800 for the month and the estimated break-even sales is $440,000 Assume that actual sales for the month total $730,000 as planned; however, actual sales by product are: White, $233,600; Fragrant, $292,000; and Loonzain, $204,400. 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 Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual Lales data. Gold Star Rice, Limited Contribution Income Statement Product Loontain Total White 48% Fragrant 20% Percentage of total sales % % % 01% s % 0 % $ ols Ols 0 $ 0 Required 2 > 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