E6-6 (Algo) Identifying Break-Even Point, Analyzing How Price Changes Affect Profitability; Calculating Margin of Safety, Target Profit [LO 6-1, 6-2, 6-3, 6-4] Sandy Bank, Incorporated, makes one model of wooden canoe, And, the information for it follows: Sandy Bank sells its canoes for $375 each. Required: 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars: 2. If Sandy Bank selis 670 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $100,000 profit Complete this question by entering your answers in the tabs below. Suppose that Sandy Bank ralses its selling price to $500 per canoe. Calculate its new break even point in units and in sales dollars. Note: Do not round intermediate calculations. Round your final amswers to neatest whole number. E6-6 (Algo) Identifying Break-Even Point, Analyzing How Price Changes Affect Profitability; Calculating Margin of Safety, Target Profit [LO 6-1, 6-2, 6-3, 6-4] Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Sandy Bank sells its canoes for $375 each. Required: 1. Suppose that Sandy Bank raises its seling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars 2. If Sandy Bank sells 670 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of \$500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $100000 profit Complete this question by entering your answers in the tabs below. If Sandy Bank sells 670 canoes, compute its margin of safety in dollats and as a percentage of sales. (Use the new sales price of $500) Note: Do not round intermediate calculations. Round voui answers to the nearest whole number. E6-6 (Algo) Identifying Break-Even Point, Analyzing How Price Changes Affect Profitability; Calculating Margin of Safety, Target Profit [LO 6-1, 6-2, 6-3, 6-4] Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows Sandy Bank sells its canoes for $375 each. Requifed: 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars 2. If Sandy Bank sells 670 canoes, compute its margin of safety in dollars and as o percentage of sales. (Use the new sales price of $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $100,000 profit Complete this question by entering your answers in the tabs below. Calculate the number of canoes that Sandy tank must sell at $500 each to generote $100,000 profit Note: Do not round your intermediate calculations. Pound your answer to the nearest whole number