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: 100 Percentage of total sales Sales Variable expenses Contribution margin Tixed expenses Blot operating Income 100 36 Product Fragrant Loonaan 52 28 $ 390,000 100 6.210.000 100 70,000 20 34,000 405 $312.000 BO $ 126,000 60 White 20 $ 150,000 100.000 $ 42,000 Total 100 $ 750.000 270.000 480,000 449,20 $30,720 201 $449,200 0.64 Taxed expense CM ratio -5702.000 Doline sales to break-eyen As shown by these data, net operating income is budgeted at $30,720 for the month and the estimated break-even sales is $702,000 Assume that actual sales for the month total $750,000 as planned. Actual sales by product are: White, $300,000: Fragrant, $180,000; and Loonzain, $270,000. 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