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Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Riverside sells its canoes for $750 each. Next year Riverside expects to
Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Riverside sells its canoes for $750 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 scenario is a variation of Riverside's original data. Note: Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 0.1234 should be entered as 12.34% ) and all other answers to the nearest dollar amount. \begin{tabular}{|c|c|c|c|} \hline \multirow[b]{2}{*}{ Unit contribution margin } & Scenario1RaisesSalesPriceto$850perCanoe & Scenario2IncreaseSalesPriceandVariableCostperUnitby10Percent & Scenario3DecreaseFixedCostby20Percent \\ \hline & & & \\ \hline Contribution margin ratio & % & % & % \\ \hline \multicolumn{4}{|c|}{ Contribution Margin Income Statement } \\ \hline \multicolumn{4}{|l|}{ Sales revenue } \\ \hline \multicolumn{4}{|l|}{ Variable costs } \\ \hline & & & \\ \hline & & & \\ \hline \multicolumn{4}{|l|}{ Contribution margin } \\ \hline \multicolumn{4}{|l|}{ Fixed costs } \\ \hline & & & \\ \hline & & & \\ \hline Net operating income & & & \\ \hline \end{tabular}
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