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 White Fragrant Loonzain Total Percentage of total sales 48 % 20% 32 % 100 % Sales $ 326,400 100 % $ 136,000 100 % $ 217,600 100 % $ 680,000 100 % Variable expenses 97,920 30 % 108,800 80 % 119,680 55 % 326,400 48% Contribution margin $ 228,480 70 % $ 27,200 20 % $ 97,920 45 % 353,600 52% Fixed expenses 228,280 Net operating income $ 125,320 Dollar sales to break-even = Fixed expenses = $228,280 = $439,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $125,320 for the month and the estimated break-even sales is $439,000. Assume that actual sales for the month total $680,000 as planned. 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.