1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $247,000 sales level and one at the $370,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) For its top managers, Global Travel formats its income statement as follows: (Click the icon to view the income statement.) Global's relevant range is between sales of $247,000 and $370,000. Read the feouirements. Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margir a whole percentage, X%.) Global Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Bales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income $38,500111,475207,025171,000$36,025