This Question: 4 pts 18 of 27 (0 complete) This Universal Travel uses the contribution margin income statement intemally Universal's fest quarter results are as follow (Click the icon to view the income statement) Universal's relevant range is sales of between $100.000 and 5680.000 Read the requirements Requirement 1. Prepara contribution margin income statements at sales levels of $250,000 and 420,000 (Hunt Use the contribution margin ratio) Begin by preparing the contribution margin income statement at the $250.000 level. Round the variable expanse rate to the nearest whole percent Enter losses with a minus sige paremeses) Universal Travel Contribution Margin Income Statement Three Months Ended March 31 Los Variable expenses Contribution man Loss Fixed penes Operating Income Now prepare the contribution margin income statement at the $120.000 level (Round the vale experto the Welcant Enlar Insignore Choose to any to enter any number in the hotels and then continue to the next ston This question: 4 pts 18 of 27 (0 complete) Universal Travel uses the contribution margin income statement internally. Universal's first quarter results are as follows: (Click the icon to view the income statement.) Universal's relevant range is sales of between $100,000 and $680,000 Read the requirements Operating income (loss) Now prepare the contribution margin income statement at the $420,000 level. (Round the variable expense rate to the nearest whole percent Universal Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less Variable expenses Contribution margin Less Fixed expenses Operating income (loss) Requirement 2. Compute breakeven sales in dollars. Begin by identifying the formula to compute the breakeven sales in dollars Choose tre any list or enter any numb in the input fields and then continue to the next question Universal Travel uses the contribution margin income statement internally Universal's first quarter results are as follows (Click the icon to view the income statement) Universal's relevant range is sales of between $100,000 and $680,000 Read the requirements Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less Fixed expenses Operating income (loss) Requirement 2. Compute breakeven sales in dollars. Begin by identifying the formula to compute the breakeven sales in dollars. Breakeven sales in dollars Compute breakeven sales in dollars The breakeven sales in dollars is Choose from any list or enter any number in the input fields and then continue to the next question 18 of 27 (0 complete) ersal's first quarter results are as follows: i Data Table B Universal Travel N Contribution Margin Income Statement Three Months Ended March 31 3 4 Sales revenue $ 435.000 87.000 5 Less: Variable expenses 6 Contribution margin $ 348.000 7 Less: Fixed expenses 170 000 8 Operating income $ 178000 Print Done