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 $125,000 and $670,000. Read the requirements Requirement 1. Prepare contribution margin income statements at sales levels of $180,000 and $480,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $180,000 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) Data Table 1 Euro Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income $ 500,000 120,000 $ 380,000 171,000 $ 209,000 Print Done Now prepare the contribution margin income statement at the $480,000 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 $