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 income White 48 5 360,000 108,000 $ 252,000 Product Fragrant Loonza in Total 20$ 32 1094 100% $ 150,000 100% 5 240,000 188 5750,000 30 120,000 80 132,000 55 360,000 70% $ 30,000 20% 5 108,000 45% 390,000 224,640 $ 165,360 100% 48 52% Fixed expenses Dollar sales to break-even $224,640 = $432,000 CM ratio 8.52 As shown by these data, net operating income is budgeted at $165,360 for the month and the estimated break-even sales is $432,000 Assume that actual sales for the month total $750,000 as planned; however, actual sales by product are: White, $240,000: Fragrant, $300,000; and Loonzain. $210,000 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 dato. 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 Rico, Ltd Contribution Income Statement Required: 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in dolar 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 White Fragrant Loonzain Percentage of total sales % Total % % % % % Required 2 > Gold Star Rice, Ltd., of Thailand exports Thal rice throughout Asia. The company grows three varleties 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% $ 360,000 108,000 $ 252,000 Product Fragrant Loonzain 20 32 % 100% $ 150,000 100 $ 240,000 100% 30 % 120,000 80% 132,000 55% 70% $ 30,000 20% $ 108,000 45 Total 100 % $ 750,000 360,088 399,000 224,640 $ 165,360 100 % 48% 52% Dollar sales to break-even Fixed expenses CM ratio $224,640 0.52 = $432,000 As shown by these data, net operating income is budgeted at $165,360 for the month and the estimated break-even sales is $432,000. Assume that actual sales for the month total $750,000 as planned; however, actual sales by product are: White, $240,000; Fragrant, $300,000; and Loonzain, $210,000. 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. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales