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 % $ 297,600 89,280 $ 208,320 $ 100 % 30 % 70% Fragrant 20% 124,000 99,200 24,800 Product Loonzain 32 % 100 % $ 198,400 80% 109,120 20 % $ 89,280 100 % 55 % 45 % Total 100 % $ 620,000 297,600 322,400 226,200 $ 96,200 100 % 48 % 52% $ Dollar sales to break-even Fixed expenses CM ratio $226, 200 0 0.52 = $435,000 As shown by these data, net operating income is budgeted at $96,200 for the month and the estimated break-even sales is $435,000. Assume that actual sales for the month total $620,000 as planned. Actual sales by product are: White, $198,400; Fragrant, $248,000; and Loonzain, $173,600. 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. 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 White Loonzain Total Percentage of total sales $ 0 0% $ 0 0% $ 0 0% 0 0% $ 0 Required 1 Required 2 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