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 Total Fragrant 20% Loonzain Percentage of total sales Sales 48% 32% $ 217,600 119,680 100% 100% 100 % 100% 100% 326,400 136,000 108,800 680,000 326,400 Variable expenses 30 % 80 % 55% 97,920 48 $ 228,480 Contribution margin 70 % 20 % 45% 52 % 27,200 97,920 353,600 Fixed expenses 229,320 Net operating income 124,280 Fixed expenses $229,320 Dollar sales to break-even $441,000 - CM ratio 0.52 As shown by these data, net operating income is budgeted at $124,280 for the month and the estimated break-even sales is $441,000o. Assume that actual sales for the month total $680,000 as planned. Actual sales by product are: White, $217,600; Fragrant, $272,000; and Loonzain, $190,400 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. +A