Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit 540 $ 67,500 150,000 $ 217,500 620 $ 77,500 150,000 $ 227,500 $ 125.00 277.78 $ 402.78 $ 125.00 241.94 $ 366.94 780 $ 97,500 150,000 $ 247,500 $ 125.00 192.31 $ 317.31 Total cost per unit 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 each scenario is a variation of Riverside's original data. Note: Round your unit contribution margin and contribution margin ratio to 2 decimal places (l.e. 0.1234 should be entered as 12.34%) and all other answers to the nearest dollar amount. Unit contribution margin Contribution margin ratio Scenario 1 Raises Sales Price to $600 per Canoe % Scenario 2 Increase Sales Price and Variable Cost per Scenario 3 Decrease Fixed Unit by 10 Percent Cost by 20 Percent Contribution Margin Income Statement % %6 Sales revenue Variable costs Contribution margin Fixed costs Net operating income 278 242