Please explain with work shown!

Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 500 700 850 Number of Canoes Produced and sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 85,000 238,000 $323,000 $ 119,000 238,000 $ 357,000 $144,500 238,000 $382,500 $ 170.00 476.00 $ 646.00 $ 170.00 340.00 $ 510.00 $ 170.00 280.00 $ 450.00 Riverside sells its canoes for $720 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 (i.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $820 per Canoe Scenario 3 Decrease Fixed Cost by 20 Percent Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent $ 605.00 76.39% | $ $ Unit Contribution Margin Contribution Margin Ratio 650.00 79.27% 550.00 76.39% Contribution Margin Income Statement $ 820,000 $ 792,000 170,000 187,000 Sales Revenue Variable Costs $ 720,000 170,000 $ $ $ Contribution Margin Fixed Costs 650,000 238,000 605,000 238,000 550,000 190,400 Net Operating Income 1 $ 412,000 $ 367,000 $ 359,600