E5-18 (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 selis its canoes for $550 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 (Le. 0.1234 should be entered as 12.34% ) and all other answers to the nearest dollor amount. Required: Complete the Riverside's contribution margin income staternent for each independent scenario Assumang each scenario is a variation of Riverside's original dato. Note: Round your unit contribution margin and contribution mergin ratio to 2 decimol places (i.e. 0.1234 should be entered os 12,34% ) ond all other answers to the neorest dollar omount