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Western Travel uses the contribution margin income statement internally. Western's first quarter results are as follows: E: (Click the icon to view the income statement.) Western's relevant range is sales of between $115,000 and $660,000. Read the requirements. Requirement 1. Prepare contribution margin income statements at sales levels of $250,000 and $410,000. (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 Western Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Now prepare the contribution margin income statement at the $410,000 level. (Roy Western Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue 520,000 Less: Variable expenses 208,000 Contribution margin 312,000 Less: Fixed expenses 171,000 141,000 Operating income Flosses 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 Print Done 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 Contribution margin per unit Contribution margin ratio 7 Fixed expenses Operating income Units sold Variable expenses Contribution margin per unit Contribution margin ratio Fixed expenses Operating income Units sold Variable expenses Contribution margin per unit Contribution margin ratio Fixed expenses Operating income Units sold Variable expenses Compute breakeven sales in dollars. The breakeven sales in dollars is $ L

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