Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold Variable costs Total costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 400 750 $ 97,500 $ 180,000 $ 277,500 600 $ 52,000 $ 180,000 $ 232,000 $ 78,000 $ 180,000 $ 258,000 $ 130.00 450.00 $ 130.00 300.00 $ 580.00 $ 430.00 $ 370.00 $ 130.00 240.00 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 680 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 $100,000 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 dollars. Note: Do not round intermediate calculations. Round your final answers to nearest whole number. New Break-Even Units Canoes Break-Even Sales Revenue Required 1 Required >