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For its top managers, Airbom Travel formats its income statement as follows: (Click the icon to view the income statement.) Airborn's relevant range is

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For its top managers, Airbom Travel formats its income statement as follows: (Click the icon to view the income statement.) Airborn's relevant range is between sales of $245,000 and $364,000. Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, X%) Contribution margin ratio Requirement 2. Prepare two contribution margin income statements: one at the $245,000 sales level and one at the $364,000 sales level. (Hint: The proportion of each sales dollar that goes towam range.) First prepare the contribution margin income statement at the $245,000 sales level. (Use a minus sign or parentheses for a loss.) Airborn Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income (Loss)

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