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 % $ 302,400 90,720 $ 211,680 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Fragrant 20 % $ 126,000 100,800 $ 25,200 100 % 30 % 70 % 100 % Product Loonzain 32 % 100 % $ 201,600 8 0 % 110,880 20% $ 90,720 100 % 55 % 45% 48 % Total 100 % $ 630,000 302,400 327,600 223,600 $ 104,000 Dollar sales to break-even = Fixed expenses CM ratio $223,600 _ 0.52 = $430,000 As shown by these data, net operating income is budgeted at $104,000 for the month and the estimated break-even sales is $430,000 Assume that actual sales for the month total $630,000 as planned. Actual sales by product are: White, $201,600; Fragrant, $252,000; and Loonzain, $176,400. 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