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 48 % Fragrant 20% Total 100 % Loonzain Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 32 % 108,000 $ 252,000 360,000 100 % $150,000 100 % $240,000 100 % $750,000 100 % 48 % 52 % 30 % 70% $30,000 120,000 80% 132,000 $. 108,000 55 % 360,000 390,000 227, 760 $ 162,240 20 % 45 % Dollar sales to break-even- Fixed expenses$227 760 - $438,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $162,240 for the month and the estimated break-even sales is $438,000 Assume that actual sales for the month total $750,000 as planned. Actual sales by product are: White, $240,000; Fragrant, $300,000 and Loonzain, $210,000 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 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 Percentage of total sales 0%| $ 0%| $ 01% 01% Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales