Giohel Travel use the contribution margin income statement internaty, Cobal's first quarter out we as follows: !!! (Click the loon to view the income stafinn) Global molevant range is sales of between $125.000 and $600,000 Read the recents Requirement 1. Prepare contribution income statements et les levels of $200,000 and $390,000 (nt Use the contribution margin ratio) Begin by presenting the contribution margin income statement at the $200,000 wwel. (Round the variable expense rate to the nearest whiclo percent, Enter losom with a minus sign or parentheses.) Global Travel Contribution Margin Income Storent Three Months Ended March 31 Servere Les Vorwexpenses Contribuon margin Los Fredpont Operating como 1 of 5 (0 complete) Global's first quarter results are as follows: i Data Table - es ley ratio.) 20,00 B ercent. Enter losses v 1 Global Travel N. 2 Contribution Margin Income Statement 3 Three Months Ended March 31 4 Sales revenue S 550,000 5 Less: Variable expenses 192,500 6 Contribution margin $ 357.500 7 Less: Fixed expenses 176,800 8 Operating income $ 180,700 Print Done Clear All MacBook Air