If Sales were at $550,000 what would be Operating Income (Loss)? 2 Points For its top managers, Jackson Company formats its income statement as follows: JACKSON COMPANY Income Statement For the Month Ended April 30, 2018 Sales Revenue $ 300,000 Variable Costs 135,000 Contribution Margin 165,000 Fixed Costs 130,000 Operating Income $ 35,000 Jackson's relevant range is between sales of $200,000 and $450,000. Requirements 1. Calculate the contribution margin ratio. Download file O $172,500 O $20,000 O $117,500 $17,000 loss