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 Total 100 8 Fragrant Loonzain Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 32 % 20 100% $126,000 100,800 70% $ 25,200 100% $630,000 302,400 327,600 226,720 $ 100,880 $ 302,400 90,720 211,680 100% $ 201,600 110,880 20% $ 90,720 55 % 45 % 100% 48 % 80 % 52 % Fixed expenses CM ratio $226,720 0.52 Dollar sales to break-even - $436, 000 As shown by these data, net operating income is budgeted at $100,880 for the month and the estimated break-even sales is $436,000 Assume that actual sales for the month total $630,000 as planned. Actual sales by product are: White, $201,600; Fragrant, $252,000; and Loonzain, $176,400 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