10 value 1.00 points Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold Total costs 550 750 900 Variable costs Fixed costs $112,750 153,750 $184.500 148,500 $261,250 302,250 S333,000 148,500 148,500 Total costs Cost per unit Variable cost per unit Fixed cost per unit $205.00 205.00 $ 205.00 198.00 165.00 $475.00 403.00 $ 370.00 270.00 Total cost per unit Riverside sells its canoes for $550 each. Next year Riverside expects to sell 1,000 canoes Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to two decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $650 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio Contribution Margin Net Operating Income