Number of Canoes Produced and Sold Total costs 500 Variable costs Fixed costs $82,500 S 115,500 $140,250 178,500 178,500 $261,000 S 294,000 S318,750 178,500 Total costs Cost per unit Variable cost per unit Fixed cost per unit $165,00 S 165,00 S 165.00 210.00 522.00 S 420.00 S 375.00 357.00 255.00 Total cost per unit Riverside sells its canoes for $600 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 $700 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 Income Statement Contribution Margin Net Operating Income