Sandy Bank, Incorporated, 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 $$530$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

$3.$This year Sandy Bank expects to sell $820$ canoes for $$530$ each. Prepare a contribution margin income statement for the company.

$4.$Calculate Sandy Bank$$s break$-$even point in units and in sales dollars. Sandy Bank sells its canoes for $$530$ each.

$5.$Suppose Sandy Bank wants to earn $$73,000$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $$530$ each.