answer exercises E7-19A and E7-21A in the 2 pictures

E7-19A Prepare contribution margin income statements (Learning Objective Jamison Travel uses the contribution margin income statement internally. Jamison's fi quarter results are as follows: WNW Jamison Travel Contribution Margin Income Statement Three Months Ended March 31 5 Sales revenue 6 Less: Variable expenses 7 Contribution margin 8 Less: Fixed expenses 9 Operating income 10 $ 525,000 210,000 $ 315,000 172,200 $ 142,800 Jamison's relevant range is sales of between $120,000 and $630,000. Requirements 1. Prepare contribution margin income statements at sales levels of $230,000 and $400,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. anses of $85,000 and E7-21A Find breakeven and target protit volume (Learning Objectives 1 Socks Unlimited produces sports socks. The company has fixed expenses of seen variable expenses of $1.20 per package. Each package sells for $2.00. Requirements 1. Compute the contribution margin per package and the contribution margin ratin 2. Find the breakeven point in units and in dollars. 3. Find the number of packages Socks Unlimited needs to sell to earn a $22.000 ing income