M Connect equired Assignment Saved Help Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 450 650 900 Total costs Variable costs $ 69,750 $100,750 $139,500 Fixed costs 234,000 234,000 234,000 Total costs $303,750 $334,750 $373,500 Cost per unit Variable cost per unit $ 155.00 $ 155.00 $ 155.00 Fixed cost per unit 520.00 360.00 260.00 Total cost per unit $ 675.00 $ 515.00 $ 415.00 Riverside sells its canoes for $750 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 (le 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) 5 Scenario 1 Raises Sales Price to $850 per Canon Scenario 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 Variable cost per unit Fixed cont per unit Total cost per unit $ 155.00 520.00 $ 675.00 $ 155.00 360.00 $ 515.00 $ 155.00 260.00 $ 415.00 Riverside sells its canoes for $750 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 (i.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Ralses Sales Price to $850 per Canon Scenario 2 Increase Sales Price and Scenario 3 Variable Cost per Decrease Fixed Unit by 10 Percent Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio % % Contribution Margin Income Statement Contribution Margin Net Operating Income Next