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 Dollar sales to break-even White 48% Product Fragrant 20% Loonzain 32% $ 345,600 103,680 $ 241,920 100% 30% $ 144,000 115,200 100% 80% 70% $ 28,800 20% $ 230,400 100% 126,720 55% $ 103,680 45% Total 100% $ 720,000 345,600 100% 48% 374,400 52% 231,920 $ 142,480 Fixed expenses CM ratio $231,920 0.52 = $446,000 As shown by these data, net operating income is budgeted at $142,480 for the month and the estimated break-even sales is $446,000. Assume that actual sales for the month total $720,000 as planned. Actual sales by product are: White, $230,400; Fragrant, $288,00- and Loonzain, $201,600. 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 date