E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial Information for it follows: 15604 Number of Canoes Produced and Sold 450 Total costs 650 800 Variable costs $67,500 $97,500 $120,000 Fixed costs 374,400 374,400 374,400 Book Total costs $441,900 $471,900 $494,400 Cost per unit Variable cost per unit $150.00 $150.00 Fixed cost per unit Total cost per unit 5 982.00 32.00 576.00 $ 726.00 $610.00 $150,00 460.00 erences Riverside sells its canoes for $1,100 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. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (i...1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) points 015543 Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (i...1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $1200 per Cance eBook H P Unit Contribution Margin Contribution Margin Ratio Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent % Scenario 3 Decrease Fixed Cost by 20 Percent References Contribution Margin Net Operating Income Contribution Margin Income Statement