Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 600 750 Number of Canoes Produced and sold 400 Total costs Variable costs $ 54,000 Fixed costs 60,000 Total costs $114,000 Cost per unit Variable cost per unit $ 135.00 Pixed cost per unit 150.00 Total cost per unit $ 285.00 $ 81,000 60,000 $141,000 $101,250 60,000 $161,250 :21 $ 135.00 100.00 $ 235.00 $ 135.00 80.00 $ 215.00 Riverside sells its canoes for $370 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 scena of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to S470 per Canoe Answer is not complete. Scenario 2 Scenario 3 Increase Sales Decrease Fixed Price and Variable Cost by 20 Cost per Unit by Percent 10 Percent Unit Contribution Margin Contribution Margin Ratio % 96 Contribution Margin Income Statement Sales Revenue Variable Costs 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 to 2 decimal places (ie. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $470 per Canon Answer is not complete. Scenario 2 Scenario 3 Increase Sales Decrease Fixed Price and Variable Cost per Unit by Cost by 20 Perpent 10 Percent Unit Contribution Margin Contribution Margin Ratio % % % Contribution Margin Income Statement Sales Revenue Variable Costs Contribution Margin Fixed Costs Net Operating Income