Global Travel uses the contribution margin income statement internally. Global's first quarter results are as follows: (Click the icon to view the income statement.) Global's relevant range is sales of between $105,000 and $650,000. Read the requirements. Requirement 1. Prepare contribution margin income statements at sales levels of $200,000 and $440,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $200,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Global Travel - X Contribution Margin Income Statement Three Months Ended March 31 - X Requirements Data Table Sales revenue A B Less: Variable expenses Contribution margin 1. Prepare contribution margin income statements at sales levels of $200,000 and $440,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. Global Travel Less: Fixed expenses 2. Contribution Margin Income Statement Three Months Ended March 31 Operating income (loss) Print Done 4 Sales revenue $ 400,000 Now prepare the contribution margin income statement at the $440,000 level. (Rd 120,000 Global Travel 5 Less: Variable expenses 6 Contribution margin 7 Less: Fixed expenses $ 280,000 Contribution Margin Income Statement Three Months Ended March 31 170,800 $ 8 Operating income 109,200 Sales revenue Less: Variable expenses Contribution margin Print Done 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