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 $247,000 and $364,000. Read the requirements. Requirement 2. Prepare two contribution margin income statements: one at the $247,000 sales level and one at the $364,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) First prepare the contribution margin income statement at the $247,000 sales level. (Use a minus sign or parentheses for a loss.) Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $247,000 sales level and one at the $364,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.)