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% $ 331,200 99, 360 $ 231, 840 leer 30% 78% Product Fragrant 20% $ 138,eee 110,400 $ 27,600 100% 80% 20% Loonzain 32% $ 220,800 100% 121,440 55% $ 99, 360 45% Total 100% $ 690,00 331,200 358,888 234,000 $ 124,800 100% 48% 52% Dollar sales to break-even Fixed expenses CM ratio $234, eee @.52 = $450,000 As shown by these data, net operating income is budgeted at $124.800 for the month and the estimated break-even sales is $450,000. Assume that actual sales for the month total $690.000 as planned. Actual sales by product are: White. $220.800: Fragrant. $276.000: and Loonzain, $193,200. 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. Answer is complete but not entirely correct. 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 32% 40 96 28 % sales Sales S 220.800 100 96 $ 270,000 100 96 $ 193,200 100 Variable expenses 176,640 X 80 X 96 82,800 30 X % 108,260 55 Contribution margin $ 44,160 20 96 S 193,200 70 96 $ 86.940 45 Total 100 96 $ 690,000 100 96 331,200 X 48 % 96 %6 96 358,800 52 >> Forced expenses 227.760 X $ 131,040 Net operating loss X Required 1 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. Answer is complete but not entirely correct. 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 $ 438.000