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Prepare a contribution format income statement for the month based on the actual sales data. 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: Dollar sales to break-even = Fixed expenses /CM ratio =$228,800/0.52=$440,000 As shown by these data, net operating income is budgeted at $104,000 for the month and the estimated break-even sales is $440,000. Assume that actual sales for the month total $640,000 as planned; however, 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. $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. Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)

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