Countrywide Travel uses the contribution margin income statement internally. Countrywide's first$-$quarter results follow.

$($Click the icon to view the income statement.$)$

Countrywide's relevant range is between sales of $$115,000$ and $$730,000.$

Requirements

Prepare contribution margin income statements at sales levels of $$165,000$ and $$630,000.($Hint: Use the contribution margin ratio.$)$

Compute break$-$even sales in dollars.

Requirement $1.$ Prepare the contribution margin income statement at the $$165,000$ level. $($Round interim percentages to the nearest whol or parentheses.$)$

$\backslash$table$[[$Countrywide Travel,$],[$Contribution Margin Income Statement,$],[$Sales revenue,$],[$Less: Variable expenses,$],[$Contribution margin,$],[$Less: Fixed expenses,$],[$Operating income $($loss$),]]$

Prepare the contribution margin income statement at the $$630,000$ level. $($Round interim percentages to the nearest whole percent. Enter loss

Countrywide Travel

Contribution Margin Income Statement