Sandy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: Number of canoes produced and sold 450 650 800 Total costs Variable costs $ 72,000 $104,000 $128,000 Fixed costs $187,200 $187,200 $187,200 Total costs $259,200 $291,200 $315,200 Cost per unit Variable cost per unit $ 160.00 $ 160.00 $ 160.00 Fixed cost per unit 416.00 288.00 234.00 Total cost per unit $ 576.00 $ 448.00 $ 394.00 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 1,510 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