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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48 % $ 350,400 105,120 $ 245,280 100 % 30 % 70% Product Fragrant Loonzain 20% 32 % $ 146,000 100 % $ 233,600 100 % 116,800 80% 128,480 55% $ 29,200 20% $ 105, 120 45% Total 100% $ 730,000 350,400 379,600 232,440 $ 147, 160 100% 48 % 52 % Dollar sales to break-even = - Fixed expenses CM ratio $232,440 0.52 = $447,000 As shown by these data, net operating income is budgeted at $147,160 for the month and the estimated break-even sales is $447,000. 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, Ltd. Contribution Income Statement Product Fragrant % White % Total Loonzain % Percentage of total sales [ Required 1 Required 2 > 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