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 $100,000 and $670,000. Euro Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 475,000 142,500 Less: Variable expenses Contribution margin $ 332,500 165,200 Less: Fixed expenses $ 167,300 Operating income Requirement 1. Prepare contribution margin income statements at sales levels of $200,000 and $400,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $200,000 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)