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 483 $ 360,000 108,000 $ 252,000 100% 30% 70% Product Fragrant 203 $ 150,000 100% 120,000 80% $ 30,000 20% Loonzain 323 $ 240,000 100% 132,000 55% $ 108,000 45% Total 100% $ 750,000 360,000 390,000 224,640 $ 165, 360 100% 48% 523 Dollar sales to break-even Fixed expenses CM ratio $224,640 0.52 = $432,000 As shown by these data, net operating income is budgeted at $165,360 for the month and the estimated break-even sales is $432,000. 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. 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 % % % % % % % % % % % % % % % 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