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For its top managers, Mercury Travel formats its income statement as follows: (Click the icon to view the income statement.) Mercury's relevant range is between sales of $246,000 and $364,000. 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%.) . Contribution margin ratio % - Data Table X Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $246,000 sales level and one at the $364,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) Mercury Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue $ 317,500 95,250 Variable Costs Contribution Margin 222,250 171,000 Fixed Costs $ 51,250 Operating Income Print Done Print Done Choose from any list or enter any number in the input fields and then click Check