Riverside Inc. makes one model of wooden canoe. Partial information for it follows:

Number of Canoes Produced and Sold		600			800			950
Total costs
Variable costs	$	129,000		$	172,000		$	204,250
Fixed costs		228,000			228,000			228,000
Total costs	$	357,000		$	400,000		$	432,250
Cost per unit
Variable cost per unit	$	215.00		$	215.00		$	215.00
Fixed cost per unit		380.00			285.00			240.00
Total cost per unit	$	595.00		$	500.00		$	455.00

Riverside sells its canoes for $670 each. Next year Riverside expects to sell 1,000 canoes.

Required:

Complete the Riversides contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riversides original data. (Round your unit contribution margin and contribution margin ratio to 2 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 $770 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 Contribution Margin Income Statement Contribution Margin Net Operating Income