Data Table Universal Travel Contribution Margin Income Statement Three Months Ended March 31 $ 435,000 Sales revenue 152,250 Less: Variable expenses $ Contribution margin 282,750 166,400 Less: Fixed expenses $ 116,350 Operating income Print Done e X Universal Travel uses the contribution margin income statement intenally. Universal's first quarter results are as follows: Click the icon to view the income statement) Universals relevant range is sales of between $120,000 and $630,000. Read the reguirements Requirement 1. Prepare contribution margin income statements at sales levels of $180,000 and $390,000. (Hint: Use the contribution margin ratio.) Begin by prepaning the contribution margin income statement at the $180,000 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 revenuer 180,000 Less: Variable expenses Contribution margin Less: Flxed expense Operating income (loss) Now prepare the contribution margin income statement at the $390,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses) Universal Travel Choose from any list or enter any number in the input felds and then continue to the next question 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 $120,000 and $630,000 Read the requirements. Contribution margin income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Requirement 2. Compute breakeven sales in dollars. Begin by identifying the formula to compute the breakeven sales in dollars. Breakeven sales in dollars Compute breakeven sales in dollars. The breakeven sales in dollars is $ Choose from any list or enter any number in the input fields and then continue to the next