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2E7-19A (similar to) Euro Travel uses the contribution margin income statement internally. Euro's first quarter results are as follows EE (Click the icon to view the income statement.) Euro's relevant range is sales of between $140,000 and S655,000 Read the requirements Requirement 1. Prepre contribution margin income statements at sales levels of $210,000 and $460,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $210,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or pare Euro Travel Contribution Margin Income Statement Three Months Ended March 31 Data Table Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) $ 210,000 84,000 $ 126,000 160,500 S (34,500 Euro Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income $ 530,000 212,000 $ 318,000 160,500 $ 157,500 Now prepare the contribution margin income statement at the 5460,000 level. (Round the vari a minus sign or parenthes Euro Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Print Done

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