Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 620 780 Number of Canoes Produced and Sold 540 Total costs Variable costs $ 67,500 Fixed costs 150,000 Total costs $217,500 Cost per unit Variable cost per unit $ 125.00 Fixed cost per unit 277.78 Total cost per unit $ 402.78 $ 77,500 150,000 $227,500 $ 97,500 150,000 $247,500 $ 125.00 241.94 $ 366.94 $ 125.00 192.31 $ 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 (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 Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent per Canoe Unit Contribution Margin Contribution Margin Ratio % % % Contribution Margin Income Statement Contribution Margin Net Operating Income