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 White 48% Percentage of total sales Sales Variable expenses Contribution nargin Fixed expenses Net ope 20% 32 % 100% $ 345,600 100% :$ 144,000 100 % $ 230,400 100% $ 720,000 100% 48 % 115 280 103,680 $ 241,929 30% 70% $ 28,800 126,72055 345,600 31,40 s 143,00e rating income Dollar sales to break-evenFxed expenses expenses231 400 CH ratio $445,000 As shown by these data, net operating income is budgeted at $143.000 for the month and the estimated break-even sales is $445.000 Assume that actual sales for the month total $720000 as pianned.Actual sales by product are: White, $230.400: Fragrant, $288.000 and Loonzain. $201600. Required: 1. Prepare a contribution format income statement for the month basedon the actual sales data 2. Compute the break even point in dollar sales for the month based on your actual data Prey