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 % $ 355,200 106,560 $ 248,640 Product Fragrant Loonzain 20% 323 100 % s 148.000 100 % $ 236,800 100 % 30 % 118,400 80% 139, 240 20 X $ 29,600 20 % 106,560 45 X Total 100 % 5 740,000 355 200 384,80 232,960 $ 151,840 100 % 48 X 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 $151,840 for the month and the estimated break-even sales is $448,000 Assume that actual sales for the month total 5740,000 as planned; however actual sales by product are: White, $236,800, Fragrant, $296,000; and Loonzain, $207,200. 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