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Sandy Bank, Inc, makes one model of wooden cance Partial information is given below. Required: 1. Complete the following table 2. Suppose Sandy Bank sells its canoes for $500 each. Calculate the contribution margin per canoe and the contribution margin ratio 3. This year Sandy Bank expects to sell 790 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 $65,000 profit this year. Calculate the number of canoes 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.) 490 640 760 5 Number of Canoes Produced and Sold Total costs Variable Costs Fbed Costs Total Costs Cost per Unit Variable Cost per Unit Fored Cost per Unit Total Cost per Unit 73,990 162.680 236,670 Required 2 > Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank sells its canoes for $500 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round your "percentage answer to 2 decimal places. (i.e. .1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio per Canoe % Required 1 Required 2 Required 3 Required 4 Required s This year Sandy Bank expects to sell 790 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 2 Required 4 > Required 1 Required 2 Required 3 Required 4 Required 5 calculate Sandy Bank's breakeven point in units and in sales dollars. (Round final answers to the nearest whole number:) Canoes Break-Even Units Break Even Sales Revenue Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank wants to earn $65,000 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: Target Sales Units Canoes