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Please help with Requirement 1 in preparing the contribution margin income statements.... Western Travel uses the contribution margin income statement internally Western's first quarter results

Please help with Requirement 1 in preparing the contribution margin income statements.... image text in transcribed
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Western Travel uses the contribution margin income statement internally Western's first quarter results are as follows Click the icon to view the income statement) Western's relevant range is sales of between $115,000 and 5660,000 Read the requirements Requirement 1. Prepare contribution margin income statements at sales levels of $190,000 and $440,000. (Hint Use the contribution margin ratio) Begin by preparing the contribution margin income statement at the $190,000 level (Round the variable expense rate to the nearest whole percent. Enter losses Western Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue 190000 Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Data Table Western Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 435,000 Less: Variable expenses 87,000 Contribution margin 348,000 170,000 Less: Fixed expenses $ 178,000 Operating income Print Done

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