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 % $360,000 188,000 $ 252,000 Fragrant 20% 100% $ 150,000 30 % 120,000 70% $ 30,000 Product Loonzain 32 % 100% $ 240,000 100% 80 % 132,000 55 % 20% $ 108,600 45 % Total 100% $750,000 360,000 390,000 229,320 $ 160,680 100% 48 % 52 CM ratio 0.52 Dollar sales to break-even Fixed expenses $229,320 - $441,000 As shown by these data, net operating income is budgeted at $160,680 for the month and the estimated break-even sales is $441,000. Assume that actual sales for the month total $750,000 as planned; however, actual sales by product are: White, $240,000; Fragrant $300,000; and Loonzain, $210,000. 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. 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 % % 96 % % 96 96 96 % % % % % 96 % % 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