Homework: Chapter 7 Homework Question 1, E7-19A (simil. Part 1 of 4 HW Score: 18.67%, 0.93 of O Points: 0 of 1 Arborne Travel uses the contribution margin Income statement interally Abome's first quarter results are as follows (Click the icon to view the income statement) Arborne's relevant range is sales of between $105,000 and 5660 000 Read the remote Requirement 1. Prepare contribution margin income statements at sales levels of $100.000 and 5400.000 Hot Use the contribution in ratio) Begin by preparing the contribution margin income statement at the $100.000 (Round the variable expensent to the nearest whole percuit Enterstes with a minos sign or parentheses) Airborne Travel Contribution Margin Income Statement Three Months Ended March 31 - X Data Table Sales revenue Le Variable expenses 8 Contribution margin 1 Los Fred expenses Alrborne Travel 2 Contribution Margin Income Statement Operating Income (oss) 3 Three Months Ended March 31 4Sales revenge 5 425.000 Requirements 5 Loss Variable expenses Contribution margin S 300.000 1. Prepare contribution margin income statements et of $180,000 Fixed expenses 170.000 and $450.000 (Mint Use the contribution marginatio) Operating income S 170,000 2. Compute breakeven sales in dollars - 35.000 Print Done Print Done