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 sells 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 ploces (i.e. 0.1234 should be entered as 12.34% ) and all other answers to the nearest dollor omount. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's onginal data. Note: Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e, 0.1234 should be entered as 12.34\%) and all other answers to the nearest dollor amount