Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 400 600 750 Total costs Variable costs $ 48,000 72,000 $ 90,000 Fixed costs 120,000 120,000 120,000 Total costs $ 168,000 $192,000 $210,000 Cost per unit Variable cost per unit $ 120.00 $ 120.00 $ 120.00 Fixed cost per unit 300.00 200.00 160.00 Total cost per unit $ 420.00 $ 320.00 $ 280.00 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 two decimal places (i.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Answer is not complete. Scenario 1 Raises Sales Price to $600 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio % % % Sales Revenue Contribution Margin Income Statement 600,000 $ 550,000 120,000 132,000 $ 500,000 Variable Costs 120,000 Contribution Margin $ 480,000 $ $ 380,000 418,000 120,000 Fixed Costs 120,000 96,000