Gold Star Rice, Ltd., of Thailand exports Thal 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 incone White 48 $ 369,600 110,880 $ 258, 720 100 30 70 Product Fragrant Loonzain 20 32 $ 154,000 100 $ 246,400 100. 123,200 80 135,520 55 $ 30,800 20% $ 110,880 453 Total 100 $ 770,000 369,600 400,400 230,360 $ 170,040 100 48 52 Dollar sales to break-even Fixed expenses CM ratio $230,360 0.52 - $443,000 As shown by these data, net operating income is budgeted at $170,040 for the month and the estimated break-even sales is $443,000. Assume that actual sales for the month total $770,000 as planned. Actual'sales by product are: White, $246,400; Fragrant, $308,000; and Loonzain, $215,600. 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 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 100% White Total Loonzain 1001% Percentage of total sales Variable expenses 100% 100% $ 30 % % % % % % 0 % % % 0 % $ 30 $ 0 $ 0 0 % 0 0 % $ 0 Required Required 2 > 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