Problem 6-21 Sales Mix; Multiproduct Break-Even Analysis (LO6-9] 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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48% $ 297,600 89, 280 $ 208,320 100% 30% 70% Product Fragrant 20% $ 124,000 99,200 $ 24,800 100% 80% 20% Loonzain 32% $ 198,400 109,120 $ 89,280 100% 55% 45% Total 100% $ 620,000 297,600 322,400 232,960 $ 89,440 100% 48% 52% Dollar sales to break-even Fixed expenses CM ratio $232,960 0.52 = $448,000 As shown by these data, net operating income is budgeted at $89,440 for the month and the estimated break-even sales is $448,000. Assume that actual sales for the month total $620,000 as planned. Actual sales by product are: White, $198,400; Fragrant, $248,000; and Loonzain, $173,600. 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 Product White Fragrant Loonzain Total Percentage of total sales % % % % % % % % % % % $ 0 0 % $ 0 0 % $ 0 0 % 0 0 % $ 0 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. (Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales