Data Table Pluto Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue $ 314,500 Variable Costs 135,235 Contribution Margin 179,265 Fixed Costs 174,000 $ 5,265 Operating Income Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $256,000 sales level and one at the $360,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) For its top managers, Pluto Travel formats its income statement as follows: (Click the icon to view the income statement.) Pluto's relevant range is between sales of $256,000 and $360,000. Read the requirements. Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, X%.) = Contribution margin ratio = %