E6-5 (Algo) Colculating Contribution Margin and Contribution Margin Rotio; Identifying Break-Even Point, Target Profit [LO 6-1, 6-2] Sandy Bank, Incorporated, makes one moctel of wooden canoe. Partial information is given below. Required: 1. Complese the following table 2. Suppose Sandy Bank sells its canoes for $510 each. Calculate the contribution margin per canoe and the contribution margin- ratio 3. This year Sandy Bank expects to 5 ell 770 canoes for 5510 each. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for 5510 each 5. Suppose Santly Eank wants to earn $77,000 profit this year Calculate the number of cances that must be sold to achieve this tatget. Sandy Bank selis its canoes for $510 cach. Answer is complete tuat not entiraly correct. Complete this question by entering your answers in the tabs below. Complete the following table. Mote: Round your "Cost per Unit" angwers to 2 decimal places. E6-5 (Algo) Colculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit [LO 6-1, 6-2] Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below Required: 1. Complete the following table 2. Suppose Sandy Bank sells its canoes for $510 each. Calculate the contrbution margin per canoe arkd the contritution margin ratio 3. This year Sandy, Bank expects to seli 770 canoes for 5510 each. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $510 each. 5. Suppose Sandy Bank wants to eam $77000 profit this year. Calculate the number of canoes that must be sold to achieve this target Sandy Bank sells its canoes for $510 each Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below, Suppose Sandy Bank selis its canoes for $510 each. Cakulare the contribution margin per canoe and the contribution margin ratio: ratio: Noke: Round your intermediate calculations and Unit Contribution Margin answed to two decimal places. Round your "percentage: answer to 2 decirnal places. (0.e. 0,1234 . should be entered as 12.34% )