E5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Incorporated makes one model of wooden canoe. Partial Information for It follows: Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required: 1. Complete the table. 515 665 815 $ 71,585 149,400 ? ? ? ? $ 220,985 ? ? ? ? ? ? ? 3. Suppose Riverside sells its canoes for $505 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Complete the table. Note: Round your cost per unit answers to 2 decimal places. Number of Canoes Produced and Sold 515 665 815 Total costs Variable costs Fixed costs Total costs S 71,585 149,400 S 220,985 $ 0 $ 0 Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit S 0.00 $ 0.00 $ 0.00 Required 1 Required 3 > Required 1 Required 3 Required 4 Suppose Riverside sells its canoes for $505 each. Calculate the contribution margin per canoe and the contribution margin ratio. Note: Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole percent. Show less A Unit contribution margin Contribution margin ratio per cance % < Required 1 Required 4 Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. Note: Round your Contribution margin to 2 decimal places. RIVERSIDE INCORPORATED Contribution Margin Income Statement For the Next Year Contribution margin Net operating income