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 % $ 321,600 96,480 $ 225, 120 100% 30 % 70% Product Fragrant Loonzain 20% 32 % $ 134,000 100% $ 214,400 100% 107,200 80 % 117,920 55 % $ 26,800 20% $ 96,480 45 % Total 100% $ 670,000 321,600 348,400 230,360 $ 118,040 100% 48 % 52% 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 $118,040 for the month and the estimated break-even sales is $443,000. Assume that actual sales for the month total $670,000 as planned; however, actual sales by product are: White, $214,400; Fragrant, $268,000; and Loonzain, $187,600. 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