1 - X Data Table A B UD 1 1 Universal Travel 2 Contribution Margin Income Statement 3 Three Months Ended March 31 4 Sales revenue $ 425,000 5 Less: Variable expenses 85,000 6 Contribution margin $ 340,000 7 Less: Fixed expenses 170,000 8 Operating income $ 170,000 Print Done Universal Travel uses the contribution margin income statement internally Universal's first quarter results are as follows Click the icon to view the income statement Universal's relevant range is sales of between $115.000 and $680,000 Read the requirements Requirement 1. Prepare contribution margin income statements at sales tovels of $250,000 and $420,000 (Mirt Use the contribution margin ratio) Begin by preparing the contribution margin Income statement at the $250,000 favel (Round the variable expense rate to the rarest whole percent. Enter losses with a minus sign or parentheses) Universal Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less Varble expenses Contribution margin Los Fodexpenses Operating income (los) Now prepare the contribution margin income statement at the $420,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Universal Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Vasable expenses Contribution margin Loss Fixed expenses Operating income foss) Requirement 2. Compute breakeven sales in dollars Begin by identifying the formula to compute the breakevon sales in dollars. Breakeven sales in dollars Compute breakeven salos in dollars The breakeven sales in dollars is