Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs 540 Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 150,000 $247,500 620 780 $ 67,500 150,000 $ 77,500 $ 97,500 $217,500 150,000 $227,500 $125.00 277.78 $125.00 241.94 $ 125.00 192.31 $ 402.78 $ 366.94 $317.31 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 (l.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Unit Contribution Margin Scenario 1 Raises Sales Price to $600 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent $475.00 $ 412.50 Scenario 3 Decrease Fixed Cost by 20 Percent $ 375.00 Unit Contribution Margin Contribution Margin Ratio Raises Sales Price to $600 per Canoe Price and Variable Cost per Unit by 10 Decrease Fixed Cost by 20 Percent Percent 475.00 $ 412.50 $ 375.00 74.16% 75.00% 75.00% Contribution Margin Income Statement Sales Revenue $ Variable Costs Contribution Margin Net Operating Income to search 420,000 87,500 $ 385,000 $ 350,000 < Prev 9 of 11 Next > 3' 0 84'F