Requirement 1. Prepare contribution margin income statements at sales levels of and . (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Countrywide Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue: ___________________ Less: Variable expenses: _____________ Contribution margin: ______________ Less: Fixed expenses: ________________ Operating income (loss):_______________ Requirements 1. Prepare contribution margin income statements at sales levels of 170,000 and 430,000 . (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. Data Table 3 Month Ended March 31st A B 1 2 3 4 Sales Revenue 525,000 5 Less: Variable Expenses 210,000 6 Contribution Margin 315,000 7 Less: Fixed Expenses 172,200 8 Operating Incomes 142,800