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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 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 $125,000 and $680,000.
Read the requirements.
Requirement 1. Prepare contribution margin income statements at sales levels of $200,000 and $470,000.(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
Contribution margin
Less: Fixed expenses
Operating income (loss)
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