the variable expense rate to the nearest whole percent. Enter losses with a minus sign Requirements 1. Prepare contribution margin income statements at sales levels of $230,000 and $460,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. Print Done 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 $140,000 and $640,000. Read the requirements Requirement 1. Prepare contribution margin income statements at sales levels of $230,000 and $460,000. (Hint: Use the contribution margin ra Begin by preparing the contribution margin income statement at the $230,000 level (Round the variable expense rate to the nearest whole perce or parentheses.) Western 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 a and $460.000 (Hint: Use the contribution margin. 2. Compute breakeven sales in dollars. Print Done Western Travel uses the contribution margin income statement internally Western's first quarter (Click Western's Read the Data table - A B 1 Western Travel 2 Requirem Begin by or parenth Contribution Margin Income Statement 230,000 and $4 3 Three Months Ended March 31 Round the vari 4 Sales revenue $ 435,000 5 Less: Variable expenses 87,000 Rec Con 6 Contribution margin $ 348,000 7 Less: Fixed expenses 170,000 Sales 8 Operating income $ 178,000 1. Pre and 2. Com Less: Contri Less Print Done Opera