8. value: 1.00 points Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 540 620 780 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit S 67,500 150,000 $217,500 S 77,500 150.000 S 227,500 S 97,500 150.000 $247,500 S S 125.00 277.78 S 402.78 125.00 241.94 366.94 S 125.00 192.31 S 317.31 S Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 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 percentage to two decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to th nearest dollar amount.) Scenario 1 Raises Sales Price to $600 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent ($ $ $ Unit Contribution Margin Contribution Margin Ratio 600.00 125.00% 500.00 137.50% 500.00 125.00% [ Contribution Margin Income Statement $ 420,000 $ 385,000 87,500 | 96,250 Sales Revenue Variable Costs $ 350,000 87,500 Fixed Costs Contribution Margin Net Operating Income