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

Number of Canoes Produced and Sold		540		620		780
Total costs
Variable costs	$	67,500	$	77,500	$	97,500
Fixed costs		150,000		150,000		150,000
Total costs	$	217,500	$	227,500	$	247,500
Cost per unit
Variable cost per unit	$	125.00	$	125.00	$	125.00
Fixed cost per unit		277.78		241.94		192.31
Total cost per unit	$	402.78	$	366.94	$	317.31

Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 canoes.

Required:

Prepare Riversides contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riversides original data. (Round your "Unit Contribution Margin/Ratio" to 2 decimal places, and all other answers to the nearest whole 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 Contribution Margin Ratio Contribution Margin Income Statement Contribution Margin Net Operating Income