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 % Loonzain 32 % Total 100 % Fragrant Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 20 % $384,000 115,200 268,800 100 % $160,000 128,000 70% $ 32,000 100 % $256,000 140,800 20% $115,200 100 % $800,000 384,000 416,000 228,800 187,200 100 % 48 % 52 30 % 80 % 45 % Fixed expenses CM ratio $228,800 0.52 Dollar sales to break-even- = $440,000 As shown by these data, net operating income is budgeted at $187,200 for the month and the estimated break-even sales is $440,000. Assume that actual sales for the month total $800,000 as planned. Actual sales by product are: White, $256,000; Fragrant, $320,000; and Loonzain, $224,000. 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