Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 540 620 780 Total costs $ 77,500 150,000 $ 97,500 150,000 Variable costs $67,500 150,000 Fixed costs $217,500 $227,500 $247,500 Total costs Cost per unit Variable cost per unit Fixed cost per unit $ 125.00 $ 125.00 $ 125.00 241.94 192.31 277.78 $ 402.78 $ 366.94 $ 317.31 Total cost per unit Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 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 percentage to two decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 2 Increase Sales Price and Variable Cost Scenario 1 Raises Sales Price to $600 per Canoe Scenario 3 Decrease Fixed Cost by 20 Percent per Unit by 10 Percent Unit Contribution Margin Contribution Margin Ratio % % Contribution Margin Income Statement Contribution Margin Net Operating Income