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 $370 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 variatior of Riverside's original 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 dollar amount. \begin{tabular}{|l|c|c|c|c|c|} \hline \multicolumn{1}{|l|}{} & \multicolumn{2}{c|}{Scenario1RaisesSalesPriceto$470perCanoe} & Scenario2IncreaseSalesPriceandVariableCostperUnitby10Percent & \multicolumn{2}{c|}{Scenario3DecreaseFixedCostby20Percent} \\ \hline Unit contribution margin & & & & & \\ \hline Contribution margin ratio & & % & & % \\ \hline \end{tabular} Contribution Margin Income Statement