Hopper Travel uses the contribution margin income statement internally. Hopper's second-quarter results are as follows: (Click the icon to view the income statement.) Hopper's relevant range is sales of between $100,000 and $640,000. Read the requirements. Requirement 1. Prepare contribution margin income statements at sales levels of $200,000 and $420,000. (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.) Hopper Travel Contribution Margin Income Statement Three Months Ended June 30 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Data table A B 1 Hopper Travel 2 Contribution Margin Income Statement 3 Three Months Ended June 30 4 Sales revenue $ 500,000 5 Less: Variable expenses 120,000 6 Contribution margin $ 380,000 7 Less: Fixed expenses 171,000 8 Operating income $ 209,000 Requirements 1. Prepare contribution margin income statements at sales levels of $200,000 and $420,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. Print Done Print Done Clea