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 Fragrant Loonzain Total Percentage of total sales Sales Variable expenses Contribution marqin Fixed expenses Net operating income 20% 52% 28% 100 % $150,000 100 % $390,000 100 % $210,000 100 % $750,000 100% 108,000 72 % 78,000 20% 84,000 40% 270,000 36% $42,000 28 % $ 312,000 80 % $126,000 60% 480,000 64% 449,280 30,720 Dollar sales to break-even Fixed expenses - CM ratio $449,280 $702,000 0.64 As shown by these data, net operating income is budgeted at $30,720 for the month and the estimated break-even sales is $702,000 Assume that actual sales for the month total $750,000 as planned. Actual sales by product are: White, $300,000; Fragrant, $180,000; and Loonzain, $270,000 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. Requi... Requi Prepare a contribution format income statement for the month based on the actual sales Show lessA Gold Star Rice, Ltd Contribution Income Statement Product Fragrant White Loonzain Total Percentage of total sales