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 % Loonzain Fragrant 20% Total 100 % Percentage of total sales 32 % Sales Variable expenses Contribution margin Fixed expenses Net operating income $.292,800 100% $. 122,000 100% $195,200 100% $. 610,000 100% 48 % 55 % 45 % 292,800 317,200 225,1660 $ 92,040 87,840 ? 204,960 97,609 24,400 30 % 80% 107,360 70 % $. 20% 87,840 52 % 5225.160- $433,000 Fixed expenses Dollar sales to break-even CM ratio 0.52 As shown by these data, net operating income is budgeted at $92,040 for the month and the estimated break-even sales is $433,000 Assume that actual sales for the month total $610,000 as planned. Actual sales by product are: White, $195,200; Fragrant, $244,000; and Loonzain, $170,800 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