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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 850 Number of Canoes Produced and Sold Total costs Variable costs 700 500 $ 126,000 119,000 $ 90,000 $153,000 119,000 119,000 Fixed costs S209,000 $ 245,000 $272,000 Total costs Cost per unit Variable cost per unit Fixed cost per unit S 180.00 140.00 180.00 170.00 S 180.00 238.00 S 418.00 $ 350.00 S 320.00 Total cost per unit 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 sce contribution margin ratio to two decimal places (i.e. .1234 should be entered as 12.34%) and all other answe Scenario 2 Increase Sales Scenario 1 Raises Sales Price to $600 per Canoe Scenario 3 Decrease Fixed Cost by 20 Percent Price and Variable Cost per Unit by Percent Unit Contribution Margin contribution margin ratio to two decimal places (i.e..1234 should be entered as 12.34% ) and all other answer Scenario 2 Scenario 3 Scenario 1 Increase Sales Price and Variable Cost Decrease Raises Sales Price to $600 per Canoe Fixed Cost by 20 Percent per Unit by 10 Percent Unit Contribution Margin Contribution Margin Ratio % % 0% Contribution Margin Income Statement Contribution Margin Net Operating Income