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: Number Canon Produced and sold 450 650 800 Total costs Variable cont $ 63,000 $.91.000 $112,000 Fixed costs 187,200 187,200 187,200 Total costa $250,200 5278,200 $299,200 Cont per unit Variable cost per unit $140.00 $140.00 $140.00 Fixed cost per unit 416.00 288.00 234.00 Total cost per unit $ 556.00 5428.00 5 374.00 Riverside sells its canoes for $700 each. Next year Riverside expects to sell 1,000 cances 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 (.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Ralses Sales Price to $800 per Canoo Scenarlo 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio % % % Contribution Margin Income Statement Contribution Margin Net Operating Income