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. White 48 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Set operating income $ 340,800 100 102.24030 $ 238,560 70# Product Fragrant Loonzain 20 328 $ 142,000 100. $ 227,200 100# 113,600 80 124.960558 $ 28,400 20# $ 102,240 45 $ 710,000 340.800 369,200 226,200 $ 143,000 100 48.3 52 Dollar sales to break-even - Fixed expense CK ratio $226,200 0.52 - $435,000 As shown by these data, net operating income is budgeted at $143,000 for the month and the estimated break-even sales is $435.000 Assume that actual sales for the month total $710,000 as planned. Actual sales by product are: White, $227,200; Fragrant, $284,000; and Loonzain, $198,800 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. 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 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 Required Required 2 > 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 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