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 % $ 374,400 112,320 $ 262,080 100 % 30 % 70 % Product Fragrant Loonzain 20 % 32 % $ 156,000 100% $ 249,600 100 % 124,800 80 % 137, 280 55 % % $ 31,200 20% $ 112,320 45 % Total 100 % $ 780,000 374,400 405,600 226, 720 $ 178,880 100 % 48 % 52 % Dollar sales to break-even Fixed expenses CM ratio $226, 720 0.52 = $436,000 As shown by these data, net operating income is budgeted at $178,880 for the month and the estimated break-even sales is $436,000. Assume that actual sales for the month total $780,000 as planned; however, actual sales by product are: White, $249,600; Fragrant, $312.000; and Loonzain, $218,400. Required: 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. Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant Loonzain Total White % Percentage of total sales % % % % % % % % % % 0 % $ 0 0 % $ 0 0% $ 0 0 0 % $ 0 Assume that actual sales for the month total $780,000 as planned; however, actual sales by product are: White, $249,600; Fragrant, $312.000; and Loonzain, $218,400. 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. 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