Loonzain. Budgeted sales by product and in total for the coming month are shown below: Product Percentage of total sales White 489 Fragrant 20 Loonzain Total 321 100% Sales $360,000 Variable expenses Contribution margin 108,000 $252,000 100% 30% $ 150,000 120,000 100% 80% $ 240,000 100% $750,000 100% 70% $ 30,000 20 132,000 $108,000 55% 360,000 48 45% 390,000 529 Fixed expenses 229,320 Net operating income $ 160,680 = Dollar sales to break-even - Fixed expenses / CM ratio = $229,320/0.52 = $441,000 As shown by these data, net operating income is budgeted at $160,680 for the month and the estimated break-even sales is $441,000. 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 Prepare a contribution format income statement for the month based on the actual sales data. White Percentage of total sales Gold Star Rice, Limited Contribution Income Statement Fragrant Product Loonzaln % % % % % % % % 56 Total % % % %6 Gold Star Rice, Limited, 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 Percentage of total sales Sales White 481 Fragrant 201 Loonzain 326 Total 100% $ 360,000 100% $ 150,000 Variable expenses Contribution margin Fixed expenses Net operating income 108,000 $252,000 309 120,000 70% $30,000 100% $240,000 80% 132,000 201 $108,000 100% $750,000 55% 360,000 100% 485 459 390,000 526 229,320 $ 160,680 Dollar sales to break-even - Fixed expenses/CM ratio = $229,320/0.52 $441,000 As shown by these data, net operating income is budgeted at $160,680 for the month and the estimated break-even sales is $441,000. 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 tite 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