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Sandy Bank, Inc., 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 $560 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 820 canoes. Prepare a contribution margin income statement for the company, 4. Calculate Sandy Bank's break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $80,000 profit this year. Calculate the number of cances that must be sold to achieve this target Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 450 660 780 Total costs Variable Costs $ Fixed Costs Total Costs 70,200 148,500 218,700 $ $ 0$ 0 Cost per Unit Vannble Cost per Unit Fixed Cost per Unit Total Cost per Unit $ DOD 0.00 $ 0.00 $ Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank sells its canoes for $560 each. Calculate the contribution margin per canoe and the contribution margia ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round your "percentage" answer to 2 decimal places. (le 1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio por Canon % Required 1 Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 820 canoes. Prepare a contribution margin income statement for the company. (Round your intermediate calculations to 2 decimal places. SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribution Margin income from Operations Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number) Break-Even Units Break Even Sales Revenue Canoes Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank wants to earn $80,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next whole number) Targot Sales Units Canoes