Data table A B Universal Travel 2 Contribution Margin Income Statement 3 Three Months Ended March 31 4 Sales revenue 435,000 5 Less: Variable expenses 152,250 6 Contribution margin 282,750 7 Less: Fixed expenses 166,400 8 Operating income S 116,350Universal 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 '5 relevant range is sales of between $130.000 and $650,000. Read the Equirements. Requirement 1. Prepare contribution margin income statements at sales levels of $220,000 and $410,000. {Hint Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $220,000 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 Requirements Three Months Ended March 31 Sales revenue $ 220.000 1. Prepare contribution margin income statements at sales levels ot 5220.000 and $410,000. (Hint: Use the contribution margin ratio.) Contribution margin 2. Compute breakeven sales in dollars. 155.400 Less: Variable expenses Less: Fixed expenses Operating income {loss}