Number of Canoes Produced and Sold 500 590 700 Total costs Variable Costs $ 79,500 170,000 Fixed Costs 170,000 170,000 Total Costs $ 249,500S 170,000S 170,000 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00 S 0.00 S 0.00 2. Suppose Sandy Bank sells its canoes for $520 each. Calculate the contribution margin per canoe and the contribution margin ratio 12.34%.)) Unit Contribution Margin per Canoe Contribution Margin Ratio 3. This year Sandy Bank expects to sell 770 canoes. Prepare a contribution margin income statement for the company. (Round your i SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribution Margin Income from Operations 4. Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number). Break-Even Units Canoes Break-Even Sales Revenue 5. Suppose Sandy Bank wants to earn $66,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Canoes Target Sales Units