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 8 Total 100 % 32 Percentage of tot Sales Variable expenses contribution margin Fixed expenzes Net operating income s379,200 100 %5158,000 100 % s252,800 100 $790,000 100 113,760 30 126,400 80 % 139,040 55 379,200 48 $265,440 70% S 31,600 20% $113,760 45 410,800 52 % 232,960 $177,840 Dollar sales to break-- Fixed expenses $232,960 = $443,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $177 840 for the month and the estimated break even sales is $448,000 Assume that actual sales for the month tota $790.000 as planned. Actual sales by product are: White. $252.800. Fragrant, $316,000; 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