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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100 $360,000 108.000 $ 252,000 100# 30 70. Product Loonzain 32 100# $ 240,000 100 80 132,000 55 20 $ 108,000 45. 20 $ 150,000 120.000 $ 30,000 Total 100 $ 750,000 360,000 390,000 227,760 $ 162,240 Dollar sales to break-even Fixed expenses Fixed expenses CM ratio . $227760 $227,760 0.52 -$430,000 As shown by these data, net operating income is budgeted at $162,240 for the month and the estimated break-even sales is $438,000 Assume that actual sales for the month total $750,000 as planned. Actual sales by product are: White, $240,000; Fragrant, $300,000 and Loonzain, $210,000. 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. 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 Fragrant White Loonzain Total Percentage of total sales