Universal Travel uses the contribution margin income statement internally. Universal's first quarter results are as follows

Universal Travel uses the contribution margin income statement internally. Universal's first quarter results are as follows E (Click the icon to view the income statement ) Universal's relevant range is sales of between $115,000 and $675,000 Read the reuiremants Requirement 1. Prepare contribution margin income statements at sales levels of $250,000 and $450,000. (Hint. Use the contribution margin ratio) Begin by preparing the contribution margin income statement at the $250,000 level (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Data Table Universal Travel Contribution Margin Income Statement Three Months Ended March 31 Universal Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less Variable expenses Contribution margin Less: Flxed expenses Operating income (loss) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 425,000 85,000 5 340,000 170,000 170,000 Now prepare the contribution margin income statement at the $450,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Universal Travel Contribution Margin Income Statement Three Months Ended March 31 Print Done Sales revenue Less. Variable expenses Contribution margin Less: Flxed 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