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 $ 350, 400 105,120 $ 245,280 100 30 700 Product Pageant Loonzain 20 32 $ 146,000 100 $ 233,600 100 116,800 80 128,480 "55 $ 29,200 20 $ 105,120 45 Total 100 $ 730,000 350,400 379,600 234.000 $ 145,600 100 48 52 $450,000 0.52 Dollar sales to break-even Fixed expenses $234,000 CM ratio As shown by these data, net operating income is budgeted at $145,600 for the month and the estimated break-even sales is $450,000 Assume that actual sales for the month total $730,000 as planned; however, actual sales by product are: White, $233,600: Fragrant. $292,000; and Loonzain, $204,400. 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. 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 Fragrant White Loontain Total Percentage of total sales % % % % % % % % % 0 % $ % % 01% 0 0 % % 0 % $ 0 $ 0 0 $ 0 Required 2 >