E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit [LO 6-1, 6-2] Sandy Bank, Incorporated, makes one model of wooden canoe Portial infoemation is given below Required: 1. Complete the following table 2. Suppose Sandy Eank sells its canoes for $510 each. Calculate the contribution mangin per canoe and tise contibution mafgin ratio 3. This year Sandy Bank expects to $e3770 canees for $510 each. Prepare a contr buton margin income statement for the compary 4. Calculate Sandy Bank's break-even poent in units and in sales doliars. Sandy Eank selts is canoes for 5510 each larget. Sandy Bank, sells its canoes for 5510 each Complete this question by entering your answers in the tabs below. Complete the following table. Complete the following table. Note? Round your" "Cost per Unit" answers to 2 decimal places. Complete this question by entering your answers in the tabs below. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $510 each. Note: Do not round your intermediate calculations. Round final answers to the nearest whole number. Complete this question by entering your answers in the tabs below. Suppose Sandy Bank wants to earn $77,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $510 each. Note- Round Unit Contribution Margin to 2 decimal places. Round your answer to the nearest whole number. Complete this question by entering your answers in the tabs below. Suppose Sandy Bank sells its canoes for $510 each, Calculate the contribution margin per canoe and the contribution margin ratio. Note: Round your intermediate calculations and Unit Contribution Margin anower to two decimal placeg, Found your "percentage" answer to 2 decimal places, (i.e, 0.1234 should be entered as 12.34%.) Complete this question by entering your answers in the tabs below. This year Sandy Bank expects to sell 770 canoes for $510 each. Prepare a contribution inargin incorne statement for the company. Fote: Round your intermediate calculations to 2 decimal places