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A B 1 Worldwide Travel 2 Contribution Margin Income Statement 3 Three Months Ended March 31 4 Sales revenue $ 400,000 5 Less: Variable

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A B 1 Worldwide Travel 2 Contribution Margin Income Statement 3 Three Months Ended March 31 4 Sales revenue $ 400,000 5 Less: Variable expenses 120,000 6 Contribution margin $ 280,000 7 Less: Fixed expenses 170,800 8 Operating income $ 109,200

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