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 of Cance Produced and Sold 400 600 750 Total costs Variable costs Pixed costs $ 50,000 $ 75,000 $ 93,750 90,000 90.000 90,000 $140,000 $165,000 $183,750 Total costa Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 125.00 225.00 $ 350.00 $ 125.00 150.00 275.00 $ 125.00 120.00 $ 245.00 Riverside selis its canoes for $430 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 (.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $530 Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent per Canoe Unit Contribution Margin Contribution Margin Ratio % % % Contribution Margin Income Statement Contribution Margin Net Operating Income