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 Unit contribution margin Contribution margin ratio Contribution margin Net operating income 500 Scenario 1 Raises Sales Price to $750 per Canoe $ 92,500 178,500 $ 271,000 $ 185.00 357.00 $ 542.00 700 $ 129,500 178,500 $ 308,000 Riverside sells its canoes for $650 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. Note: Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 0.1234 should be entered as 12.34%) and all other answers to the nearest dollar amount. % Contribution Margin Income Statement $ 185.00 255.00 $ 440.00 Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent % 850 $ 157,250 178,500 $ 335,750 $185.00 210.00 $ 395.00 Scenario 3 Decrease Fixed Cost by 20 Percent %

Riverside sells its canoes for $650 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. Note: Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 0.1234 should be entered as 12.34% ) and all other answers to the nearest dollar amount