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 $ 292,800 87,840 $ 204,960 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100 % Product Pragrant Loonzain 208 32 3 $ 122,000 100 $ 195,200 100 % 97,600 80% 107,360 55 $ 24,400 208 $ 87,840 45 100 30 70 Total 100 $ 610,000 292,800 317,200 228, 800 $ 88,400 528 Dollar sales to break-even Fixed expenses CX ratio $228,800 0.52 - $440,000 As shown by these data, net operating income is budgeted at $88,400 for the month and the estimated break-even sales is $440,000. Assume that actual sales for the month total $610,000 as planned. Actual sales by product are: White, $195,200; Fragrant, $244,000 and Loonzain, $170,800. 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 Prepare a contribution format income statement for the month based on the actual sales data Prey 2 of 3 Neyt 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 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Ltd. Contribution Income Statement Product White Fragrant Loonzain Percentage of total sales % % % Total % % % % % % $ 0 0 % $ 0 0 % $ % 0 % 0 % 0 % 0 $ 0 HERE Required 2 > 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. (Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales