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 White 48% $360,000 108,000 $ 252,000 Product Fragrant Loonzain 20$ 32% 100 $ 150,000 100% $ 240,000 100 38 120,000 88 132,000 55 799 $ 30,000 20 % $ 108,000 45 Total 100 $ 750,000 360,000 390,000 230,888 $ 159, 120 100 48% 52% Dollar sales to break-even Fixed expenses CM ratio $230,880 0.52 = $444,000 As shown by these data, net operating income is budgeted at $159,120 for the month and the estimated break-even sales is $444,000. Assume that actual sales for the month total $750,000 as planned; however, 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 dato. VULLGI Sales EU VI CONEVE CM ratio - 44, VUU 0.52 As shown by these data, net operating income is budgeted at $159,120 for the month and the estimated break-even sales is $444,000. Assume that actual sales for the month total $750,000 as planned; however, 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual sales data. Loonzain White % Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant % % % % % % % Total % Percentage of total soles % % % % % % % (Required Required 2 > Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales