Sandy Bank, Inc., makes one model of wooden canoe, and, the information for it follows: Number of canoes produced and sold 550 750 900 Total costs Variable costs $104,500 Fixed costs Total costs $198,000 $302,500 $142,500 $171,000 $198,000 $198,000 $340,500 $369,000 Cost per unit Variable cost per unit Fixed cost per unit $ 190.00 360.00 Total cost per unit $ 550.00 $ 190.00 264.00 $ 454.00 $ 190.00 220.00 $410.00 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 1,570 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 $130,000 profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales