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Riverside Inc, makes one model of wooden canoe. Partial information for it follows: Number of cances Produced and sold Total costs Variable costs Fixed costs

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Riverside Inc, makes one model of wooden canoe. Partial information for it follows: Number of cances Produced and sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 540 700 $ 67,500 $77,500 $ 97,500 150,000 150.000 150.000 $217,500 $ 227,500 $247,500 $ 125.00 $ 125.00 $125.00 27728 241.94 192-31 5402.78 5366.94 $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 fie. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to 5600 per Canon Scenario 2 Increase Sales Price and Variable Cost pet Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent $ Unit Contribution Margin Contribution Margin Ratio 195.00 % Contribution Margin income Statement Contribution Margin Net Operating Income

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