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For its top managers, Mars Travel formats its income statement as follows: :: (Click the icon to view the income statement.) Mars's relevant range is between sales of $254.000 and $362,000. Read the requirements. Data Table Mars Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue 318,500 111,475 Variable Costs Contribution Margin 207,025 176.000 Fixed Costs 31.025 Operating Income Print Done Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, X%) = Contribution margin ratio Requirement 2. Prepare two contribution margin income statements one at the $254,000 sales level and one at the $362,000 sales lovel. (Hint: The proportion of each salos dollar that goes toward variable costs is constant within the relevant range) First prepare the contribution margin income statement at the $254.000 sales level (Use a minus sign of parentheses for a loss) Mars Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income (Loss) Now prepare the contribution margin income statement at the $362,000 sales level. (Use a minus sign or parentheses for a loss.) Mars Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income (Loss)