Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceFragrant, White, 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		48%			20%			32%			100%
Sales	$	369,600	100%	$	154,000	100%	$	246,400	100%	$	770,000	100%
Variable expenses		110,880	30%		123,200	80%		135,520	55%		369,600	48%
Contribution margin	$	258,720	70%	$	30,800	20%	$	110,880	45%		400,400	52%
Fixed expenses											224,120
Net operating income										$	176,280

Dollar sales to break even	=	Fixed expenses	=	$224,120	= $431,000
		CM ratio		0.52

As shown by these data, net operating income is budgeted at $176,280 for the month and break even sales at $431,000.

Assume that actual sales for the month total $770,000 as planned. Actual sales by product are: White, $246,400; Fragrant, $308,000; and Loonzain, $215,600.

need 2 question answer please ( show work)

1

Prepare a contribution format income statement for the month based on actual sales data

2 Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to nearest whole dollar.)