Gold Star Rice, Ltd., of Thailand exports Thai tice 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 Percentage of total sales Fragrant Loonzain Total 48 Sales 32% lea $ 345,600 100 Variable expenses $ 144, a 100 % $ 230,400 100 $ 729.000 100 103,680 30 115,200 126, 720 55 Contribution margin $ 241,920 70 $ 28,800 20% $ 103,680 45 374,400 52% Fixed expenses 228,00 Niet operating income $ 145,600 Dollar sales to break-even Fixed expenses CM ratio $228,300 0.52 - $60,000 As shown by these data, net operating income is budgeted at $145,600 for the month and the estimated break-even sales is $440,000 Assume that actual sales for the month total $720,000 as planned. Actual sales by product are: White. $230,400, Fragrant. $288,000 and Loonzain. $201.600 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 96 White Loonzain Total Percentage of total sales