Countrywide Travel uses the contribution margin income statement internally. Countrywide's first quarter results are as follows: (Click the icon to view the income statement.) Countrywide's relevant range is sales of between $150,000 and $640,000. Requirements Read the requirements 1. Prepare contribution margin income statements at sales levels of $200.000 and $400,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. Requirement 1. Prepare contribution margin income statements at sales levels of $200,000 and $400,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $200,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Countrywide Travel Contribution Margin Income Statement Three Months Ended March 31 Print Done Sales revenue Less: Variable expenses Contribution margin - X Data Table Less: Fixed expenses A B Operating income (loss) Now prepare the contribution margin income statement at the S400,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Countrywide Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue 1 Countrywide Travel 2 Contribution Margin Income Statement 3 Three Months Ended March 31 4 Sales revenue $ 550,000 5 Less: Variable expenses 165.000 6 Contribution margin s 385,000 7 Less: Fixed expenses 178,500 Operating income $ 206,500 Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Requirement 2. Compute breakeven sales in dollars. Begin by identifying the formula to compute the breakeven sales in dollars. = Breakeven sales in dollars Print Done Compute breakeven sales in dollars. The breakeven sales in dollars is