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Gold Star Rice, Ltd. of Thailand exports That 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 white Fragrant Loonzain Total Percentage of total sales 48 % 20% 32% 100% Sales $ 292,800 100 $ 122,000 100 % $ 195,209 100 $610, eee 100% Variable expenses 87,840 30 % 97,600 80 % 107, 360 55% 292,800 Contribution margin $ 204,960 70 $ 24,400 20% $ 87,840 317,280 52% Fixed expenses 233,480 Net operating income $ 83,720 Dollar sales to break-even Fixed expenses CM ratio $233, 480 0.52 = $449,000 As shown by these data, net operating income is budgeted at $83,720 for the month and the estimated break-even sales is $449,000. Assume that actual sales for the month total $610,000 as planned, however, actual sales by product are: White, $195,200, Fragrant, $244.000; and Loonzain, $170,800. 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. Gold Star Rice, Ltd. Contribution Income Statement Product White Fragrant Loonzain Total

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