Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows:

1. Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 480 550 730 Total costs $67,680 161,760 $ 229,440 Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 2. Suppose Sandy Bank sells its canoes for $540 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Round your intermediate calculation places. Round your "percentage" answer to 2 decimal places. (Le. .1234 should be entered as 12.34%)) Unit Contribution Margin Contribution Margin Ratio per Canoe 3. This year Sandy Bank expects to sell 850 canoes. Prepare a contribution margin income statement for the company. (Round your intermediate calculations to 2 decimal SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribution Margin Income from Operations