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% $ 364,800 109,440 $ 255,360 100% 30% 70% Product Fragrant 20% $ 152,000 100% 121,600 80% $ 30, 400 20% Loonzain 32% $ 243,200 100% 133,760 55% $ 109,440 45% Total 100% $ 760,000 364,800 395,200 224, 120 $ 171,080 100% 48% 52% Dollar sales to break-even Fixed expenses CM ratio $ 224, 120 0.52 = $431,000 As shown by these data, net operating income is budgeted at $171,080 for the month and the estimated break-even sales is $431,000. Assume that actual sales for the month total $760,000 as planned. Actual sales by product are: White, $243,200; Fragrant, $304,000; and Loonzain, $212,800. 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. 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 Total Percentage of total sales % % % % % % % % % % % % $ 0 0% $ 0 0 % $ 0 0 % 0 0 % $ 0 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 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