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 Produet White 48 % Loonzairn Total Fragrant 20 t Percentage of total sales 32 192 , 000 105,600 100 100 t $ 600,000 288,000 Sales Variable expenses Contribation margin Fixed expenses Net operating income $ 288.000 100' $ 120,000 96,000 100, 80 % 1001 48% 86,400 $201,600 701 $ 24,000 20% $86,400 45 % 312,000 52 30 ok 227.240 $84,760 Dollar sales to break-even Fixed expenses. CM ratio--.-227, 240 0.52$437,000 As shown by these data, net operating income is budgeted at $84,760 for the month and the estimated break-even sales is $437000. Assume that actual sales for the month total $600,000 as planned. Actual sales by product are: White, $192.000; Fragrant, $240,000: and Loonzain, $168,000. 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. Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Ltd. Contribution Income Statement Total White Percentage of total sales Required 2> Assume that actual sales for the month total $600,000 as planned. Actual sales by product are: White, $192,000: Fragrant, $240,00 and Loonzain, $168,000. 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 Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to th whole dollar amount.)... to the nearest Break-even polin in dolar sales Required 1