E$5-18($Algo$)$ Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin

Income Statement $[$LO $5-5]$

Riverside Incorporated makes one model of wooden canoe. Partial information for it follows:

Riverside sells its canoes for $$750$ each. Next year Riverside expects to sell $1,000$ canoes.

Required:

Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation

of Riverside's original data.

Note: Round your unit contribution margin and contribution margin ratio to $2$ decimal places $($i$.$e$.0\mathrm{.}1234$ should be entered as

$12\mathrm{.}34\%)$ and all other answers to the nearest dollar amount.