Sold 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. Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Check my work White 48% Product Fragrant 20% Loonzain 32% Total 100% 100% 30% $136,000 108,800 100% $217,600 100% $680,000 100% 80% 119,680 55% 326,400 48% 70% $27,200 20% $ 97,920 45% $ 353,600 52% 225,680 $ 326,400 97,920 $228,480 5.127,920 Dollar sales to break-even Fixed expenses/CM ratio $225,680/0.52 = $434,000 As shown by these data, net operating income is budgeted at $127,920 for the month and the estimated break-even sales is $434,000 Assume that actual sales for the month total $680,000 as planned, however, actual sales by product are: White, $217,600; Fragrant, $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 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limited Contribution Income Statement Product White Percentage of total sales Fragrant Loonzain Total % % % % % % % $ 00% S 0% $ 0 0% 0 0% Required 2> $ 0