Aussie Travel uses the contribution margin income statement internally. Aussies first quarter results are as follows:

1 Aussie Travel

2 Contribution Margin Income Statement

3 Three Months Ended March 31

4 Sales revenue $525,000

5 Less: Variable expenses 210,000

6 Contribution margin $315,000

7 Less: Fixed expenses 172,200

8 Operating income $142,800

1.	Prepare contribution margin income statements at sales levels of $190,000 and $460,000. (Hint: Use the contribution margin ratio.)
2.	Compute breakeven sales in dollars.