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 $550 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year, Sandy Bank expects to sell 820 canoes for $550 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 $550 each. 5. Suppose Sandy Bank wants to earn $75,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $550 each. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Complete the following table.. Note: Round your answers to 2 decimal places. Number of Canoes Produced and Sold 400 Total Costs 600 750 Variable Costs $ 67,500.00 $ 101,250.00 $ 126,562.50 Fixed Costs $ 150,000.00 $ 150,000.00 $ 150,000.00 Total Costs $ 217,500.00 $ 251,250.00 $ 276,562.50 Cost per Unit Variable Cost per Unit $ 168.75 $ 168.75 $ 168.75 Fixed Cost per Unit 375.00 250.00 200.00 Total Cost per Unit $ 543.75 $ 418.75 $ 368.75 Required 1 Required 2 >