Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48 % $ 326,400 97,920 $ 228,480 Product Fragrant Loonzain 20 % 32% 100 $ 136,000 100% $ 217,600 100 % 30 % 108,800 80% 119,680 55% 70% $ 27,200 20 % $ 97,920 45% Total 100 % $ 680,000 326,400 353,600 227, 240 $ 126,360 100 48% 52% Dollar sales to break-even = Fixed expenses CM ratio $227,240 0.52 = $437,000 As shown by these data, net operating income is budgeted at $126,360 for the month and the estimated break-even sales is $437,000. Assume that actual sales for the month total $680,000 as planned; however, actual sales by product are: White, $217,600; Fragran $272,000; and Loonzain, $190,400. Required: 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepari a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant Loonzain Total White % Percentage of total sales % X % % % % % % % 0 % % 01% 0 %$ 01% $ 0 0 0