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 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income $340,800 102,240 $ 238,560 100 % 30 x 70 % Fragrant 20 $ 142, 113,600 $ 28,400 Product Loonzain 32 100 $ 227,200 X 124,960 20% 102,240 100 % 55 % 45 % Total 100% $ 719,eee 34,800 369,200 227,760 $ 161.440 100 % 48 % 52% Dollar sales to break-even - Fixed expenses CM ratio $227.760 0.32 5 438.000 As shown by these data, net operating income is budgeted at $141,440 for the month and the estimated break-even sales is $438,000 Assume that actual sales for the month total $710,000 as planned. Actual sales by product are: White, $227.200; Fragrant. $284,000, and Loonzain. $198.800. 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. Gold Star Rice, Ltd. Contribution Income Statement Product White Fragrant Loonzain Total Percentage of total sales ONS 0 % JUU YUUUUUUU Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to the nearest whole dollar amount.) Break even point in dollar sales