Euro Travel uses the contribution margin income statement internally. Euro's first quarter results are as follows: .: (Click the icon to view the income statement.) Euro's relevant range is sales of between $130,000 and $690,000 Read the requirements. Requirement 1. Prepare contribution margin income statements at sales levels of $170,000 and $460,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $170,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Euro 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 $460,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Euro Travel 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 breakeven sales in dollars is $ 31 Data Table ome sta to the nearest w Euro Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 450,000 Less: Variable expenses 171,000 Contribution margin 279,000 Less: Fixed expenses 173,600 $ 105,400 Operating income $ tement Requirements 1. Prepare contribution margin income statements at sales levels of $170,000 and $460,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars