S 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 Percentage of total sales White 48 % Fragrant 20 % Loonzain 32 % Total 100 % Sales Contribution margin Variable expenses Fixed expenses Net operating income $ 307,200 92,160 100 % 30 % $ 128,000 102,400 $ 215,040 70 % $ 25,600 100 % 80 % 20 % $ 204,800 112,640 $ 92,160 100 % 55 % 45 % $ 640,000 307,200 100 % 48 % 332,800 52 % 231,400 $ 101,400 Dollar sales to break-even Fixed expenses = CM ratio $231,400 0.52 = $445,000 As shown by these data, net operating income is budgeted at $101,400 for the month and the estimated break-even sales is $445,000. Assume that actual sales for the month total $640,000 as planned. Actual sales by product are: White, $204,800; Fragrant, $256,000; and Loonzain, $179,200. 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 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