Jamison Travel uses the contribution margin income statement internally. Jamison's first quarter results are as follows: (Click the icon to view the income statement.) Jamison's relevant range is sales of between $120,000 and $630,000 Read the requirements Requirement 1. Prepare contribution margin income statements at sales levels of $230,000 and $400,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $230,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Jamison Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Data Table Less: Variable expenses Contribution margin B Less: Fixed expenses 1 Operating income (loss) Jamison Travel Contribution Margin Income Statement 2 3 Three Months Ended March 31 4 Sales revenue $ 525,000 Requirements 210,000 5 Less: Variable expenses 6 Contribution margin $ 315,000 7 Less: Fixed expenses 172,200 1. Prepare contribution margin income statements at sales levels of $230,000 and $400,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. 8 Operating income $ 142.800 Print Done Print Done