Riverside Inc, makes one model of wooden canoe. Partial information for it follows: 540 620 780 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost $ 67,500 $ 77,500 $ 97,500 150,000 150,000 150,000 $217,500 $227,500 $247,500 $ 125.00 $ 125.00 $ 125.00 per unit 277.78 241.94 192.31 Fixed cost per unit 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: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming e scenario is a variation of Riverside's original data (Round your unit contribution margin and contribution m percentage to two decimal places fie. 1234 should be entered as 12.34%) and all other answers to the ne dollar amount.) Scenario 1 Ralses Sales Price to $600 per Canoe Scenario 2 Increase Sales Price and Variable Scenario 3 Decrease Fixed Cost by 20 Percent Cost per Unit by 10 Percent Unit Contribution Margin Contribution Margin Ratio % % Contribution Margin Income Statement Contribution Margin 540 iverside Inc. makes one model of wooden canoe, Partial information for it follows: Number of Canoes Produced and Sold 620 789 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 277.78 241.94 192.31 unit Total cost per $ 402.78 $ 366.94 $ 317.31 unit Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 cances. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming e scenario is a variation of Riverside's original data (Round your unit contribution margin and contribution percentage to two decimal places (le 1234 should be entered as 12.34%) and all other answers to the dollar amount) Ralses Sales Price to $600 per Canoe Sales Price and Variable Cost per Unit by 10 Percent Decrease Fixed Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio % % Contribution Margin Income Statement Contribution Margin Net Operating Income