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: White 48 % $ 326,400 97,920 $ 228,480 100 % 30 % Fragrant 20 % $ 136,000 108,800 27,200 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Product Loonzain 32 % 100 % $ 217,600 80 % 119,680 20 % $ 97,920 100 % 55 % 100 % 48 % Total 100 % $ 680,000 326,400 353,600 229,840 $ 123,760 70 % 45 % 52 % Dollar sales to break-even Fixed expenses CM ratio $229,840 0.52 $442,000 As shown by these data, net operating income is budgeted at $123,760 for the month and the estimated break-even sales is $442,000. Assume that actual sales for the month total $680,000 as planned; however, actual sales by product are: White, $217,600; Fragrant, $272,000; and Loonzain, $190,400. 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