Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceWhite, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Total Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48% $ 369,600 119,880 $ 258,720 100% 30% 70% Product Fragrant 20% $ 154,000 100% 123,200 80% $ 30,800 20% Loonzain 32% $ 246,400 100% 135,520 55% $ 110,880 45% 100% $ 770,000 369,600 400,400 226,200 $ 174,200 100% 48% 52% Dollar sales to break-even Fixed expenses CM ratio $226,200 0.52 = $435,000 As shown by these data, net operating income is budgeted at $174.200 for the month and the estimated break-even sales is $435,000. Assume that actual sales for the month total $770,000 as planned. Actual sales by product are: White, $246,400, Fragrant, $308,000; and Loonzain, $215,600. 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. White % Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant % % % % 0 % $ 0 0 % $ Loonzain % Total % Percentage of total sales % % % 0 % $ 0 0 0 0 % $ 0 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