Global Travel uses the contribution margin income statement internally. Globals first quarter results are as follows (Click the icon to view the income statement.) Global's relevant range is sales of between $115,000 and $675,000 Read the requirements Part 1 of 4 Requirement 1. Prepare contribution margin income statements at sales levels of $220,000 and $410,000 (Hist Use the contribution margin ratio) Begin by preparing the contribution margin income statement at the $220,000 level (Round the variable expense rate to the nearest whole percent Enter losses with a minus sign or parentheses) Global Travel Contribution Margin Income Statement Three Months Ended March 31 Data table table X 220,000 Sales revenue Less Variable expenses A Contribution margin 178.500 1 Global Travel Less Fixed expenses 2 Contribution Margin Income Statement Operating income (loss) 3 Three Months Ended March 31 4 Sales revenue 550,000 5 Less: Variable expenses 165.000 6 Contribution margin 7 Loss: Fixod expenses Operating income 346 000 178.500 206,500