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 % Total 100 % Loonzain Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 32 % $350,400 100 % $146,000 100 % $233,600 100 % $730,000 100 % 48 % 52 % 30 % 70 % 55 % 45 % 350,400 379,600 230,880 $148,720 105,120 116,800 80% 128,480 $ 245,280 $. 29,200 20 % 105,120 $230,880 0.52 rixed expenses Dollar sales to break-even- -$444,000 CM ratio As shown by these data, net operating income is budgeted at $148,720 for the month and the estimated break-even sales is $444,000 Assume that actual sales for the month total $730,000 as planned. Actual sales by product are: White, $233,600; Fragrant, $292,000; and Loonzain, $204,400 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 Complete this question by entering your answers in the tabs below