Problem $4-20($Algo$)$ Sales Mix; Multi$-$Product Break$-$Even Analysis $[$LO$9]$ Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice$$White$,$ Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: $$ProductWhiteFragrantLoonzainTotalPercentage of total sales$20\%52\%28\%100\%$Sales$ $195,000100\%$$ $507,000100\%$$ $273,000100\%$$ $975,000100\%$Variable expenses$140,40072\%101,40020\%109,20040\%351,00036\%$Contribution margin$ $54,60028\%$$ $405,60080\%$$ $163,80060\%624,00064\%$Fixed expenses$574,080$Operating income$$$ $49,920$ Break$-$even point in sales dollars $=$ Fixed expenses $$ CM ratio $=$ $$574,0800\mathrm{.}64=$ $$897,000$ Break$-$even point in unit sales: As shown by these data, operating income is budgeted at $$49,920$ for the month, break$-$even sales dollars at $$897,000.$ Assume that actual sales for the month total $$975,000(2,100$ units$)$; however, actual sales by product are White, $$390,000$; Fragrant, $$234,000$; and Loonzain, $$351,000.$ Required: Prepare a contribution format income statement for the month based on actual sales data. Compute the break$-$even point in sales dollars for the month, based on the actual data. This part of the question is not part of your Connect assignment.