Gold Star Rice, Ltd., 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: Product White 48 % Fragrant 20% Loonzain 32 % Total 100 % Percentage of total sales Sales Variable expense:s Contribution margin Fixed expenses Net operating income $340,800 100 % $ 142,000 100 % $227,200 100 % $. 710,000 100 % 48 % 52 % 102,240 $ 238,560 30 % 70% 113,600 28,400 80 % 20 % $ 102,240 55 % 45 % 124,960 340,800 369,200 227,766e $ 141,440 Fixed expenses CM ratio $227 760$438,000 Dollar sales to break-even- 0.52 As shown by these data, net operating income is budgeted at $141,440 for the month and the estimated break-even sales is $438,000 Assume that actual sales for the month total $710,000 as planned. Actual sales by product are: White, $227,200; Fragrant, $284,000; and Loonzain, $198,800 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 Required 1Required 2 Prepare a contribution format income statement for the month based on the actual sales data Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant White Loonzain Total Percentage of total sales les able expenses Contribution margin 0%| $ 01% 0% ixed expenses et operating income Required 1 Required 2> Required 1 Required 2 Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales Required 1 Required 2