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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

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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 $140,000 and $690,000 Read the requirements Prepare contribution margin income statements at sales levels of $170,000 and $400,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. Countrywide Travel Contribution Margin Income Statement Three Month. Er Jed March 31 Sales revenue 425,000 Less: Variable expenses 85,000 Contribution margin 340,000 Less: Fixed expenses 170,000 170,000 Operating income Contribution Margin Income Statement Three Months Ended March 31 Sales revenue 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 Compute breakeven sales in dollars The breskve sales in dollars is 5

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