ersplan Label the axes, and show the costs in 500, : 0, and i. (caspecti, itis Learning Objective 2 1E20-24 Calculating contriburion margin ratio, preparing contribution margin For its top managers, Worldwide Travel foroats its income statement as follows income statersents 2. 5253,000 sales level, Vc $108,790 WORLDWIDE TRAVEL Contribution Margin Income Statement Three Months Ended March 31, 2018 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income 316,500 136,095 80,405 173,000 7,405 Worldwide's relevant range is between sales of $253,000 and $368,000. Requirements 1. Calculate the contribution margin ratio 2. Prepare two contribution margin income statements: one at the $253,000 sales level and one at the $368,000 sales level. (lin. The proportion of each sales dollar that goes toward variable costs is constant within the relevant range)