Jamison Travel uses the contribution margin income statement internally. Global's first quarter results are as follows: 3 (Click the icon to view the income statement.) Global's relevant range is sales of between $120,000 and $630,000. Read the requirements. Requirement 1. Prepare contribution margin income statements at sales levels of $230,000 and $400,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $230,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Jamison Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Score: 0 of 10 pts 4 of 10 (9 complete) HW Score: 12.81%, 12.01 of 100 pts E7-19A (book/static) A Requirements Jamison 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 $120,000 and $630,000. A Data Table 1. Prepare contribution margin income statements at sales levels of $230,000 and $400,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. Read the requirements. Begin by preparing the contribution margin income statement at the $230,000 Print Done Jamison Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Jamison Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 525,000 210,000 Less: Variable expenses Contribution margin Less: Variable expenses Contribution margin $ 315,000 172,200 Less: Fixed expenses Less: Fixed expenses $ 142,800 Operating income Operating income (loss) Enter any number in the edit fields and then click Check Answer. Print Done