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 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 48% $ 340, 80e 102, 240 $ 238,560 Product Fragrant 20% $ 142,800 113,600 $ 28,400 100% 30% 78% 100% Be% 20% Loonzain 32% $ 227,200 100% 124,960 55% $ 102, 240 45% Total 100% $ 719,000 340, 800 369,200 226, 200 $ 143,800 180k 48% 52% Dollar sales to break-even Fixed expenses CM ratio $226,280 0.52 = $435,000 As shown by these data, net operating income is budgeted at $143.000 for the month and the estimated break-even sales is $435,000. 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. 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 White Fragrant Loonzain Percentage of total sales 96 96 %% Total %% 96 96 96 % 96 96 96 S 0 0 % S 0 0 % S 0 096 0 096 S 0 Required Required 2 >