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 $ 340,800 102,240 $ 238,560 100 30 70 Product Fragrant Loonzain 20 32 $ 142,000 100 $ 227,200 IOD 113,600 80 124,960 55 $ 28,400 208 $ 102,240 45 Total 100 $ 710,000 340.800 369,200 232,960 $ 136,240 100 48 52 Dollar sales to break-even Fixed expenses CM ratio $232,960 0.52 - $448,000 As shown by these data, net operating income is budgeted at $136,240 for the month and the estimated break-even sales is $448,000. Assume that actual sales for the month total $710,000 as planned; however, actual sales by product are: White, $227.200; Fragrant, $284,000; and Loonzain, $198,800. 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