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: 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 Unit contribution margin Contribution margin ratio Contribution margin Net operating income 450 Scenario 1 Raises Sales Price to $800 per Canoe $ 63,000 187,200 $ 250, 200 $ 140.00 416.00 $ 556.00 Riverside sells its canoes for $700 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 (i.e. 0.1234 should be entered as 12.34%) and all other answers to the nearest dollar amount. 650 $ 91,000 187,200 $ 278,200 $140.00 288.00 $ 428.00 % Contribution Margin Income Statement Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent 800 $ 112,000 187,200 $ 299,200 % $140.00 234.00 $ 374.00 Scenario 3 Decrease Fixed Cost by 20 Percent %

t5-18 (Algo) Caiculating 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 $700 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenarlo. 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 (L.e, 0.1234 should be entered as 12.34% ) and all other answers to the nearest dollar amount