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% $374,400 112,320 $ 262,080 100% 30% 70% Product Fragrant 20% $156,000 100% 124,800 80% $ 31,200 20% Loonzain 32% $ 249,600 100% 137,280 55% $112,320 45% Total 100% $ 780,000 374,400 405,600 226,720 $ 178,880 100% 48% 52% Dollar sales to break- Fixed expenses CM ratio $226,720 0.52 - $436.000 even As shown by these data, net operating income is budgeted at $178,880 for the month and the estimated break-even sales is $436,000. Assume that actual sales for the month total $780,000 as planned. Actual sales by product are: White, $249,600; Fragrant, $312,000; and Loonzain, $218,400. 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 Fragrant White Loonzain Total Percentage of total sales 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