For its top managers, Airborn Travel formats its income statement as follows (Click the icon to view the income statement.) Airborn's relevant range is between sales of $255,000 and $360,000 Read the requirements. Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio Enter he contribution mar n ratio as wole percentage, X contribution margin ratio Requirement 2. Prepare two contribution margin income statements: one at the $255,000 sales level and one at the 5360,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) First prepare the contribution margin income statement at the $255,000 sales level. (Use a minus sign or parentheses for a loss.) Airborn Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income (Loss) For its top managers, Airborn Travel formats its income statement as folows (Click the icon to view the income statement.) Airborn's relevant range is between sales of $255,000 and $380,000 Read the requirements x Requirements Data Table 1. Calculate the contribution margin ra 2. Prepare two contribution margin income statements; one at the $255,000 tio Airborn Travel Three Months Ended March 31, 2016 Contribution Margin Income Statement sales level and one at the 360,000 sales level (Hint The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income (Loss) Now prepare the contribution margin income statement at the 360,000 sales level. (Use a minus sign or parentheses for a loss.) Three Months Ended March 31, 2016 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income S 314,500 135.235 179,265 176,000 3.265 Print Done Airborn Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Print Done Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income (Loss)