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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 $254,000 and $369,000. Read the requirements. 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%.) Data table 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 $254,000 and $369,000. Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $254,000 sales level and one at the $369,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.)