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: White 48% $ 297,600 89,280 $ 208,320 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100 % 30 % Product Fragrant Loonzain 20% 32 $ 124,000 100 $ 198,400 100 % 99,200 80% 109, 120 55 % $ 24,800 20 % $ 89,280 45 % Total 100 % $ 620,000 297,600 322,400 230,360 $ 92,040 100 % 48 52 % 70 % Dollar sales to break-even Fixed expenses CM ratio $230, 360 0.52 = $443,000 As shown by these data, net operating income is budgeted at $92,040 for the month and the estimated break-even sales is $443,000. Assume that actual sales for the month total $620,000 as planned; however, actual sales by product are: White, $198,400; Fragrant, $248,000; and Loonzain, $173,600. 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 % % % % % % % % 2. Compute the break-even point in llar Sales for the 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. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales