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% $ 384,000 115,200 $ 268,800 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100% 30% 70% Product Fragrant 20% $ 160,000 100% 128,000 80% $ 32,000 20% Loonzain 32 $ 256,000 100% 140,800 55% $ 115,200 45% ARS Total 100% $ 800,000 384,000 416,000 233, 480 $ 182,520 Dollar sales to break-even -- Fixed expenses CM ratio $233,480 - - $449,000 0.52 As shown by these data, net operating income is budgeted at $182,520 for the month and the estimated break-even sales is $449,000. Assume that actual sales for the month total $800,000 as planned. Actual sales by product are: White, $256,000; Fragrant, $320,000; and Loonzain, $224,000. 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. 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 Loonzain Total Percentage of total sales % 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