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Countrywide Travel uses the contribution margin income statement internally. Countrywide's first - quarter results follow. ( Click the icon to view the income statement. )

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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.)
\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
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