Hopper Travel uses the contribution margin income statement internally. Hopper's second-quarter results are as follows: 1 Worldwide Travel Contribution Margin Income Statement Three Months Ended June 30 3 4 5 Sales revenue 6 Less: Variable expenses 7 Contribution margin 8 Less: Fixed expenses 9 Operating income 10 B $ 500,000 120,000 $ 380,000 171,000 $ 209,000 Hopper's relevant range is sales of between $100,000 and $640,000. 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.

Hopper Travel uses the contribution margin income statement internally. Hopper's second-quarter results are as follows: Hopper's relevant range is sales of between $100,000 and $640,000. 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. E7-44B Prepare contribution margin income statements (Learning Objective 1) Hopper Travel uses the contribution margin income statement internally. Hopper's second-quarter results are as follows: Hopper's relevant range is sales of between $100,000 and $640,000. 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