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 % $ 307,200 92,160 $ 215,040 100 % 30 % 70 % Product Fragrant Loonzain 20% 32 % $ 128,000 100 % $ 204,800 100% 102,400 80 % 112,640 55% $ 25,600 20 % $ 92,160 45 % Total 100 % $ 640,000 307,200 332,800 227,240 $ 105,560 100 % 48% 52 % Dollar sales to break-even Fixed expenses CM ratio $227,240 0.52 = $437,000 As shown by these data, net operating income is budgeted at $105,560 for the month and the estimated break-even sales is $437,000. Assume that actual sales for the month total $640,000 as planned; however, actual sales by product are: White, $204,800; Fragrant, $256,000; and Loonzain, $179,200. 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 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 Loonzain Total White % Percentage of total sales % % % % % % % % % % % % % % % Required 1 Required 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales