Gold Star Rice. Ltd. of Thailand exports Thal 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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48 % $360, eee 188,000 $ 252,000 100 % 30 % 70 % Product Fragrant Loonzain 20% 32 $ 150,000 180 % $ 240,000 100 % 120,000 80% 132,000 55% $ 30,000 20 %$ 108,000 45 % Total 100% $ 750, eee 360.000 390,000 227,240 $ 162,760 100 % 48 % 52 % Dollar sales to break-even Fixed expenses CM ratio $222, 240 0.52 $437,000 As shown by these data, net operating income is budgeted at $162.760 for the month and the estimated break-even sales is $437000. 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 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 White Fragrant Loontain Total % Percentage of total sales % 9 % % % KH Required 2 > As shown by these data, net operating income is budgeted at $162,760 for the month and the estimated break even sales is $437000 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