Aussie Travel uses the contribution margin income statement interally. Aussie's first quarter results are as follows: (Click the icon to view the income statement.) Aussie's relevant range is sales of between $130,000 and $660,000. Read the requirements. Requirement 1. Prepare contribution margin income statements at sales levels of $270,000 and $440,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $270,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Aussie Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating Income (loss) Data table - Requirements 1. Prepare contribution margin income statements at sales levels of $270,000 and $440,000. (Hint: Use the contribution margin ratio.) A B 1 Aussie Travel 2. Compute breakeven sales in dollars. 2 Contribution Margin Income Statement 3 Three Months Ended March 31 4 Sales revenue $ 425,000 Print Done 5 Less: Variable expenses 85,000 6 Contribution margin $ 340,000 7 Less: Fixed expenses 170,000 8 Operating Income $ 170,000