Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows: Required: 1. Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) 460 580 720 $ 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 Total Cost per Unit 68,080 149,040 217,120 $ 2. Suppose Sandy Bank sells its canoes for $530 each. Calculate the contribution margin per canoe and the contribution margin ratio. (R places. Round your "percentage" answer to 2 decimal places. (.e. 1234 should be entered as 12.34%.)) per Canoe Unit Contribution Margin Contribution Margin Ratio 3. This year Sandy Bank expects to sell 850 canoes. Prepare a contribution margin income statement for the company. (Round your inter SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribution Margin Income from Operations 4. Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number). Canoes Break-Even Units Break-Even Sales Revenue 5. Suppose Sandy Bank wants to earn $79,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. (F to the next whole number.) Target Sales Units Canoes