Sved Gold 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 White 481 $364,800 109,440 $ 255,360 1000 301 700 Fragrant 205 $152,000 121,600 $ 30,400 Product Loonzain 320 1000 5 243,200 1001 800 133, 760 558 205 5 109,440 450 1000 Total 1001 $760,000 364,800 395,200 229,320 $ 165,000 528 Dollar sales to break-even = Fixed expenses / CM ratio - $229,320/0.52 = $441,000 As shown by these data, net operating income is budgeted at $165,880 for the month and the estimated break-even sales is $441,000. Assume that actual sales for the month total $760,000 as planned, however, actual sales by product are: White, $243,200; Fragrant, $304,000; and Loonzain, $212,800 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. 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. White Gold Star Rico, Limited Contribution Income Statement Product Fragrant % 100% % % % Loonzain Total + % Percentage of total sales Sales Variable expenses 48% $ 243,200 9 % 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. (Do not round intern calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales SEP 69 29