Universal Travel uses the contribution margin income statement internally. Universal's first-quarter results follow. (Click the icon to view the income statement.) Universal's relevant range is between sales of $130,000 and $750,000. Requirements 1. Prepare contribution margin income statements at sales levels of $180,000 and $650,000. (Hint: Use the contribution margin ratio.) 2. Compute break-even sales in dollars Requirement 1. Prepare the contribution margin income statement at the $180,000 level. (Round interim percentages to the nearest whole percent. Es losses with a minus sign or parentheses.) Universal Travel Contribution Margin Income Statement Sales revenue Less: Variable expenses Universal Travel uses the contribution margin income statement internally. Universal's first-quarter results follow. Requirement 1. Prepare the contribution margin income statement at the $180,000 level. (Round interim percentages to the nearest whole percent. Enter losses with a minus sign or parentheses.) Universal Travel Contribution Margin Income Statement Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Prepare the contribution margin income statement at the $650,000 level. (Round interim percentages to the nearest whole percent. Enter losses with a minus sign or parentheses.) Universal Travel uses the contribution margin income statement internally. Universal's first-quarter results follow. Universal Travel Contribution Margin Income Statement Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Requirement 2. Compute break-even sales in dollars. Begin by identifying the formula to compute the break-even sales in dollars. miversal Travel uses the contribution margin income statement internally. Universal's first-quarter results follow. Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Requirement 2. Compute break-even sales in dollars. Begin by identifying the formula to compute the break-even sales in dollars. Compute break-even sales in dollars. (Round your answer up to the nearest dollar.) The break-even sales in dollars is $ Break-even sales in dollars Data table Universal Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 312,500 Less: Variable expenses (123,000) Contribution margin 189,500 Less: Fixed expenses (160,000) $ 29,500 Operating income Print Done - X