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 $130,000 and $700,000 Read the requirements. ext Sharin Requirement 1. Prepare contribution margin income statements at sales levels of $200,000 and $390,000. (Hint Use the contribution margin ratio) Begin by preparing the contribution margin income statement at the $200,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Western Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses a Librai esource Study Choose from any list or enter any number in the input fields and then continue to the next question ication T Copy VEROTTURISTIVAL Search O i Data Table - X WS: on margin incon ome statement.) of between $130 A B 1 Western Travel se the contribution tion margin incon en margin income te to the nearest who el 2 Contribution Margin Income Statement 3 Three Months Ended March 31 4 Sales revenue $ 425,000 5 Less: Variable expenses 148,750 6 Contribution margin s 276,250 7 Less: Fixed expenses 174,200 8 Operating income $ 102,050 me Statement March 31 my number in the Print Done Topy Tree TFITTERSTVU bution margin income statement internally. Western's first quarter results are as follows: income statement des of b 0 Requirements ribution on 1. Prepare contribution margin income statements at sales levels of $200,000 and $390,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. ution m ravel Print Done ncome ded March 3T er any number in the input fields and then continue to the next