E7-21A (book/static) Question Help Jamison Travel uses the contribution margin income statement internally. Jamison's first quarter results are as follows: Click the icon to view the income statement.) Jamison's relevant range is sales of between $120,000 and $630,000. Read the requirements Requirement 1. Prepare contribution margin income statements at sales levels of $230,000 and $400,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $230,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses) Jamison Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Loss: Variable expenses Contribution margin Less Fixed expenses Operating income (loss) Enter any number in the edit fields and then click Check Answer 3 remaining parts Clear All Check Answer Jearest whole percent, Enter losses with a minus sign or Data Table Begin by preparing the contribution margin income statement parentheses.) Jamison Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Faced expenses Operating income (108) 1 Jamison Travel 2 Contribution Margin Income Statement 3 Three Months Ended March 31 4 Sales revenue S 525,000 Less: Variable expenses 210,000 6 Contribution margin $ 315,000 7 Less: Fixed expenses 172,2001 S Operating income 142.800 A Enter any number in the edit fields and then click Check 3 parts remaining Check Answer Print Done Requirement 1. Prepare contribution margin income statements at sales levels of $230,000 and $400,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin indd Jercent. Enter losses with a minus sign or parentheses.) Requirements Jamison Travel Contribution Margin Income Statemer 1. Prepare contribution margin income statements at sales levels of Three Months Ended March 31 $230,000 and $400,000. (Hint: Use the contribution margin ratio.) Sales revenue 2. Compute breakeven sales in dollars. Less: Variable expenses Contribution margin Print Done Less: Fixed expenses Operating income (loss) Enter any number in the edit fields and then click Check Answer. 2