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 % 374,400 100 % $156,000 100 % $249,600 100 % $780,000 100 % 48 % 52 % 30 % 70 % $ 31,200 80% 20 % $ 112,320 112,320 124,800 137,286 55 % 374,400 405,600 231,400 $ 174,200 $ 262,080 45 % Dollar sales to break-even- Fixed expenses . $231,400 $445,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $174,200 for the month and the estimated break-even sales is $445,000 Assume that actual sales for the month total $780,000 as planned. Actual sales by product are: White, $249,600; Fragrant, $312,000 and Loonzain, $218,400 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 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 Fragrant White Loonzain Total Percentage of total sales 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