Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold) 540 620 Total costs Variable costs $ 67,500 $ 77,500 780 $97,500 Fixed costs Total costs 150,000 $217,500 Cost per unit variable cost per unit $125.00 $125.00 Fixed cost per unit Total cost per unit 277.78 $402.78 150,000 $227,500 $247,500 $ 125.00 241.94 192.31 $366.94 $317.31 150,000 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 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 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.) Unit Contribution Margin Contribution Margin Ratio Contribution Margin Net Operating Income 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 Contribution Margin Income Statement % %