Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceFragrant, White, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Product White Fragrant Loonzain Total Percentage of total sales 48% 20% 32% 100% Sales $ 312,000 100% $ 130,000 100% $ 208,000 100% $ 650,000 100% Variable expenses 93,600 30% 104,000 80% 114,400 55% 312,000 48% Contribution margin $ 218,400 70% $ 26,000 20% $ 93,600 45% 338,000 52% Fixed expenses 226,720 Net operating income $ 111,280 Dollar sales to break even = Fixed expenses = $226,720 = $436,000 Unit CM $0.52 As shown by these data, net operating income is budgeted at $111,280 for the month and break even sales at $436,000. Assume that actual sales for the month total $650,000 as planned. Actual sales by product are: White, $208,000; Fragrant, $260,000; and Loonzain, $182,000. Required: 1. Prepare a contribution format income statement for the month based on actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data. (Round your final answer to the nearest whole dollar.)