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

Number of Canoes Produced and Sold		400			600			750
Total costs
Variable costs	$	48,000		$	72,000		$	90,000
Fixed costs		120,000			120,000			120,000
Total costs	$	168,000		$	192,000		$	210,000
Cost per unit
Variable cost per unit	$	120.00		$	120.00		$	120.00
Fixed cost per unit		300.00			200.00			160.00
Total cost per unit	$	420.00		$	320.00		$	280.00

Riverside sells its canoes for $500 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 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 per Canoe

Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent

Scenario 3 Decrease Fixed Cost by 20 Percent