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. Mint Chocolate Relevant Information Budgeted sales in units (a) Expected sales price (b). Variable costs per unit (c) Income statements Sales revenue (ab) Variable costs (ac) Contribution margin Fixed costs Net income Salted Caranel Birthday Cake Chip 132,000 212,000 92,000 $ 7 $ 7 $ 14 2 $ 4 $ 10 $ 924,000 $1,484,000 $1,288,000 (264,000) (848,000) (920,000) 660,000 636,000 368,000 (525,000) (525,000) (120,000) $135,000 $111,000 $248,000 Required a. Determine the margin of safety as a percentage for each product. Complete this question by entering your answers in the tabs below. Req A Determine the margin of safety as a percentage for each product. (Round your answers to whole percentage valves.) Mint Chocolate Balled Caramel Birthday Cake Chip Margin of safety