Data Table Countrywide Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 525,000 210,000 Less: Variable expenses Contribution margin 315,000 172,200 Less: Fixed expenses 142,800 Operating income Print Done 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 $110,000 and $675,000. Read the requirements. Requirement 1. Prepare contribution margin income statements at sales levels of $220,000 and $480,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $220,000 level. (Round the variable expense rate to the nearest whole percent. Enter cb Countrywide Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Now prepare the contribution margin income statement at the $480,000 level. (Round the variable expense rate to the nearest whole percent Enter losses wi Countrywide Travel Contribution Margin Income Statement Three Months Ended March 31 Choose from any list or enter any number in the input fields and then continue to the next question. 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 $110,000 and $675,000 Read the requirements Now prepare the contribution margin income statement at the $480,000 level (Round the variable expense rate to the nearest whole percent. Enter loss Countrywide Travel Contribution Margin Income Statement Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (los) 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 breakeven sales in dollars is $ Choose from any list or enter any number in the input fields and then continue to the next