Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 488 $ 340.800 102,240 $ 238,560 Product Fragrant Loonzain 20 32 100 $ 142,000 100 $ 227,200 100 30 113,600 80 124,960 55 706 28,400 20 $ 102,240 45 Total 1008 5 710,000 340, 800 369,200 230,880 $ 138, 320 100 488 523 Fixed expenses CM ratio $230,880 0.52 Dollar sales to break-even $444,000 As shown by these data, net operating Income is budgeted at $138,320 for the month and the estimated break-even sales is $444,000. Assume that actual sales for the month total $710,000 as planned; however, 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