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

Western's relevant range is sales of between $$110,000$ and $$680,000.$

Western Travel

Contribution Margin Income Statement

Three Months Ended March $31$

Sales revenue: $$550,000$

Less: Variable expenses: $192,500$

Contribution margin: $$357,500$

Less: Fixed expenses: $176,800$

Operating income: $$180,700$

Prepare contribution margin income statements at sales levels of $$170,000$ and $$400,000.$

$($Hint: Use the contribution margin ratio.$)$

Begin by preparing the contribution margin income statement at the $$170,000$ level. $($Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.$)$