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 % 369,600 100 % $154,000 100 % $246,400 100 % $770,000 100 % 48 % 52 % 30 % 80 % 110,880 $ 258,720 55 % 45 % 123,2060 135,520 369,60e 400,400 234,000 $166,400 70 % $ 30,800 20% $ 110,880 Fixed expenses$234,000 Dollar sales to break-even CM ratio 0.52 As shown by these data, net operating income is budgeted at $166,400 for the month and the estimated break-even sales is $450,000 Assume that actual sales for the month total $770,000 as planned. Actual sales by product are: White, $246,400; Fragrant, $308, and Loonzain, $215,600 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 Prepare a contribution format income statement for the month based on the actual sales data Gold Star Rice, Ltd Contribution Income Statement Product Fragrant White Loonzain Total Percentage of total sales Required 1Required 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