lomework i Saved Help Sav Gold Star Rice, Ltd., of Thailand exports Thai 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: Product White Fragrant Loonzain Total Percentage of total sales 48 % 20 % 32 % 100 % Sales $ 369, 600 100% $ 154, 000 100 % $ 246, 400 100 % $ 770, 000 100% Variable expenses 110, 880 30 % 123, 200 80 %% 135, 520 55 % 369, 600 48 % Contribution margin $ 258, 720 70 % $ 30,800 20 % $ 110, 880 45 % 400, 400 52 % Fixed expenses 224, 120 Net operating income $ 176, 280 Dollar sales to break-even _ _Fixed expenses $224, 120 0.52 = $431, 000 CM ratio As shown by these data, net operating income is budgeted at $176,280 for the month and the estimated break-even sales is $431,000. 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. Gold Star Rice, Ltd. Contribution Income Statement