level l of $ nt $ 000) Global 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 $650,000. Read the requirements Requirement 1. Prepare contribution margin income statements at sales levels of $270,000 and $410,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $270,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Global Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Now prepare the contribution margin income statement at the $410,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.)