For its top managers, Pluto Travel formats its income statement as follows: (Click the icon to view the income statement.) Pluto's relevant range is between sales of $254,000 and $367,000. Read the requirements. Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, X%.) Contribution margin ratio % Data table Pluto Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue $ 314,500 135,235 Variable Costs Contribution Margin 179,265 Fixed Costs 174,000 $ 5,265 Operating Income Print Done Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $254,000 sales level and one at the $367,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) Print Done