M Imaginationtime Park compotos with Cool World by providing a variety of rides. Imaginationtime sells tickets at $100 per person as a one-day entrance foo. Variable costs are $20 per person and fixed costs are $480,000 per month. The breakeven number of tickets is 6,000. If Imaginationtime Park expects to sell 6,150 tickets, compute the margin of safety in tickets and in sales dollars. c C Begin by selecting the formula labels and then entering the amounts to compute the margin of safety in units Margin of safety in units For its top managers, Universal Travel formats its income statement as follows: Click the icon to view the income statement) Universal's relevant range is between sales of $250,000 and $365,000. Read the requirements 65 % Requirement 1. Calculate the contribution margin ratio Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, X%) Contribution margin Net sales revenue Contribution margin ratio 207.025 318,500 Requirement 2. Prepare two contribution margin income statements: one at the $250,000 sales tevel and one at the $365,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) First prepare the contribution margin income statement at the $250,000 salos level. (Use a minus sign or parentheses for a loss.) Universal Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue 250000 75000 Variable Costs Contribution Margin 175000 Fixed Costs Operating Income (LO) Universal Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue $ 318,500 Variable Costs 111,475 Contribution Margin 207,025 174,000 Fixed Costs $ 33,025 Operating Income 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $250,000 sales level and one at the $365,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.)