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: Product White 48 % Fragrant 20% Loonzain 32 % Total 100 % Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income $369,600 110,880 100% 30 % $154,000 123,200 100% 80 % $246,400 135,529 100% $770,000 55% 369,600 100% 48 % $258,720 70 % $30,800 20 % $110,880 45 % 400,400 52 % 231,920 $168,480 Dollar sales to break- Fixed expenses $231,920 $446,000 even CM ratio 0.52 As shown by these data, net operating income is budgeted at $168,480 for the month and the estimated break-even sales is $446,000 Assume that actual sales for the month total $770,000 as planned. Actual sales by product are: White, $246,400: Fragrant, $308,000; and Loonzain, $215,600 Requlred: 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 1Required 2 Pr epare a contribution format income statement for the month based on the actual sales data Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant 01% White Loonzain Total Percentage of total sales 0 % 0 % 01% 0 96 0 96 0 96 Required 1 Required 2 >