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

Countrywide Travel
Contribution Margin Income Statement
Three Months Ended March 31
	Sales revenue	$314,500
	Less: Variable expenses	(125,000)
	Contribution margin	189,500
	Less: Fixed expenses	(195,000)
	Operating income	$(5,500)

pop-up content ends

PrintDone

relevant range is between sales of$110,000 and$ 700,000 . Requirements 1. Prepare contribution margin income statements at sales levels of$ 160,000 and $600,000 . (Hint: Use the contribution margin ratio.) 2. Compute break-even sales in dollars. Question content area bottom Part 1 Requirement 1. Prepare the contribution margin income statement at the4160,000 level. (Round interim percentages to the nearest whole percent. Enter losses with a minus sign or parentheses.) Countrywide Travel Contribution Margin Income Statement Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss)