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 White 48% $ 297,600 89,280 $ 208,320 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100% 30X 70% Product Fragrant 20% $ 124,000 99,200 $ 24,800 100% Be 20% Loonzain 325 $ 198,400 109,120 $ 89,280 100% 55% 45% 100% 4 Total 10 $ 620,000 297,600 322,400 229.840 92,560 52% Dollar sales to break-even Fixed expenses CM ratio $229,840 0.52 - $442,000 As shown by these data, net operating income is budgeted at $92,560 for the month and the estimated break-even sales is $442,000. Assume that actual sales for the month total $620,000 as planned. Actual sales by product are: White, $198,400, Fragrant, $248,000, and Loonzain. $173,600. 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 Loonzain % Total 9 Percentage of total sales Gold Star Rice, Ltd. Contribution Income Yatement Product Fragrant White Loonzain Percentage of total sales Total % % % % % % 9 % % % % RS Required 2 >