2. If Sandy Bank sells 1,520 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $600.) (Round your answers to the nearest whole number.) Margin of Safety Percentage of Sales 3. Calculate the number of canoes that Sandy Bank must sell at $600 each to generate $120,000 profit. (Round your answer to the nearest whole number.) Target Sales UnitsCanoes Sandy Bank, Inc., makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold Total costs 500 700 850 Variable costs Fixed costs $ 82,500 $115,500 $140,250 $178,500 $178,500 $178,500 $261,000 $294,000 $318,750 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $165.00 165.00 165.00 210.00 255.00 357.00 522.00 S420.00 375.00 Required 1. Suppose that Sandy Bank raises its selling price to $600 per canoe. Calculate its new break-even point in units and in sales dollars. (Do not round intermediate calculations. Round your final answers to nearest whole number.) New Break-Even Units Canoes Break-Even Sales Revenue