Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $550 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 840 canoes. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank's break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $83,000 profit this year. Calculate the number of canoes that must be sold to achieve this target Complete this question by entering your answers in the tabs below. Require Required 2 Required 3 Required 4 Required Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) 440 630 760 $ 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 66,880 148.280 215,160 $ Required 2 > Required 1 Required 2 Required 3 Required 4 Required ces Suppose Sandy Bank sells its canoes for $550 each, Calculate the contribution margin per canoe and the contribution margin ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round your percentage" answer to 2 decimal places...e...1234 should be entered as 12.34%).. Unit Contribution Margin Contribution Margin Ratio per Canon % This year Sandy Bank expects to sell 840 canoes. Prepare a contribution margin income statement for the company. (Re your intermediate calculations to 2 decimal places.) Hint SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year erences Contribution Margin Income from Operations Required 1 Required 2 Required 3 Required 4 Required Calculate Sandy Bank's break-even point in units and in sales dollars, (Round final answers to the nearest whole number.) Cances Break-Even Units Break-Even Sales Revenue Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank wants to earn $83,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next whole number.) Target Sales Units Cances