Jamison Travel uses the contribution margin income statement internally. Global's first quarter results are as follows: 5 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.) Data Table Jamison Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Jamison Travel Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 525,000 Less: Variable expenses 210.000 Contribution margin $ 315,000 Less: Fixed expenses 172,200 $ 142,800 Operating income Requirements ? 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. Print Done