Question: E5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [L0 5-1, 5-5] Riverside Incorporated makes one model of wooden canoe. Partial information for it

E5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [L0 5-1, 5-5] Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Required: 1. Complete the table 3. Suppose Riverside sells its canioes for $518 each. Calculate the contribution margin per canoe and the contribution margin ratio 4. Next year Riverside expects to sell 855 canoes. Complete the contribytion margin income statement for the company

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