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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48 $ 379,200 113,760 $ 265,440 100 % 30 % 70% Product Fragrant Loonzain 20 32% $ 158,000 100% $ 252,800 100% 126,400 B0% 139,040 55 $ 31,600 20 % $ 113,760 45% TO 10 $ 790,00 379,20 410,80 226,72 $ 184,08 Dollar sales to break-even Fixed expenses CM ratio $226, 720 0.52 = $436,000 As shown by these data, net operating income is budgeted at $184,080 for the month and the estimated break-even sales is $436,000. Assume that actual sales for the month total $790,000 as planned; however, actual sales by product are: White, $252,800; Fragrant, $316,000; and Loonzain, $221,200. 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 % % % Total % % %6 %6 % % % % % %