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E$5-19($Algo$)$ Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement $[$LO $5-5]$

Riverside Inc. makes one model of wooden canoe. Partial information for it follows:

eBook

Riverside sells its canoes for $$500$ 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 $2$ decimal places $($I$.$e$..1234$ should be entered as $12\mathrm{.}34\%)$ and all other answers to the nearest dollar amount.$)$

$\backslash$table$[[,\backslash$table$[[$Scenario $1$ Raises$],[$Sales Price to $$600$