Please help me solve these questions and please explain, im having trouble doing Part ll.

For its top managers, Mercury Travel fonnats its lncome statement as follows: a (Click the icon to View the income statement.) Mercury's relevant range is between sales of $249,000 and $351,000. Read the muirements. vanable cos-1s ; Requirements Contribution Margin 149,400 Fixed Costs \"4-900 O ati l Lo $ (24,600)' 1. Calculate the contribution margin ratio. per "9 ncome { 55) = 2. Prepare two contn'buon margin income statements: one at the $249,000 sales level and one at the $361,000 sales level. (Hint: The proportion of each Now prepare the contnbuhon margln Income statement at the $361,000 sales level (Us. sales dollar that goes toward variable costs is constant within the relevant range.) Net Sales Revenue $ 351.900 Print Valiable Coats w Connibution Margin 144400 Fixed Costs Operating Income (Loss) Keith Street Barber Shop pays $10 per month for water for the 06113000 gallons and $3.25 per thousand gallons above 13,000 gallons Calculate the total water cost when the barbershop uses 12,000 gallons, 14,000 gallons, and 10,000 gallons. (Do not round interim calculations. Round your nal answers to the nearest cent.) Usage total Water Cost 12,000 gallons 14,000 gallons 10,000 gallons