1. Prepare contribution margin income statements at sales levels of $170,000 and $410,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. E7-19A (similar to) Universal Travel uses the contribution margin income statement internally. Universal's first quarter results are as follows: Click the icon to view the income statement.) Universal's relevant range is sales of between $140,000 and $690,000. Data Table ci s at sales levels of $170,000 and $410,000. (Hint: Use the c the $170,000 level. (Round the variable expense rate to the Universal Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 425,000 148,750 Less: Variable expenses Contribution margin $ 276,250 174,200 Less: Fixed expenses 102,050 Operating income swer. LA VIHIVCI SUI HUVI Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Enter any number in the edit fields and then click Check Ans