3 oints Cowboy Ice Cream Company (CIC) is considering the addition of a new product to its retail line of ice cream bars. The company has three distinctly different options, mint chocolate chip, salted caramel, or birthday cake. Relevant information and budgeted annual Income statements for each of the products follow, Relevant information Mint alted Chocolate Birthday CATADA1 Cake Chip Badgeted salen in unita (1) 116,000 196.000 76,000 Expected wales price (b) 7 12 Variable conta per unit to) 2 . 3 . Income statements Sales revenue ( ab) 812,000 $1,176,000 $912,000 Variable costro) (232,000) (500,000) 1600,000 Contribution margin 500,000 500.000 304,000 Fixed cost 140,000 (405.000) (00,000) Not Incom $ 175,000 103.000 216,000 8 02/02 toos Required a. Determine the margin of safety as a percentage for each product 3 Required a. Determine the margin of safety as a percentage for each product 5 points Complete this question by entering your answers in the tabs below. 2 02:35.45 Rega Determine the margin of safety as a percentage for each product. (Round your answers to whole percentage values Mint Chocolate Chip Salted Caramel Birthday Cake Margies of fety