Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 400 800 750 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 S 120.00 Fixed cost per unit 300.00 200.00 180.00 Total cost per unit $ 420,00 $ 320.00 S 280.00 Riverside sells its cances 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. 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 Contribution Margin Ratio 9. % % Contribution Margin Income Statement Contribution Margin Net Operating Income