Sandy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: Number of canoes produced and sold Total costs Variable costs Fixed costs Total costs 450 650 800 $ 65,250 $ 94,250 $116,000 $280,800 $346,050 $280,800 $280,800 $375,050 $396,800 Cost per unit Variable cost per unit Fixed cost per unit $ 145.00 624.00 $ 145.00 432.00 Total cost per unit $ 769.00 $ 577.00 $ 145.00 351.00 $ 496.00 Sandy Bank sells its canoes for $375 each. Required: 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars. 2. If Sandy Bank sells 900 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500.) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit.