Data Table A B 1 Worldwide Travel 2 Contribution Margin Income Statement 3 Three Months Ended March 31 4 Sales revenue $ 435,000 5 Less: Variable expenses 87,000 6 Contribution margin $ 348,000 7 Less: Fixed expenses 170,000 $ 178,000 8 Operating income GA - X Requirements 1. Prepare contribution margin income statements at sales levels of $170,000 and $440,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. Worldwide Travel uses the contribution margin income statement internally. Worldwide's first quarter results are as follows: 3 Click the icon to view the income statement.) Worldwide's relevant range is sales of between $110,000 and $655,000. Read the requirements Requirement 1. Prepare contribution margin income statements at sales levels of $170,000 and $440,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $170,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Worldwide Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue 170,000 Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss)