Cowboy Ice Cream Company (CIC) is considering the addition of a new product to its retail line of ice cream bal 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. Birthday avant to tornatum Hint Chocolate Salted Chip Cara 102.000 162,000 62.000 10 Budgeted sales in units Expected sale price (b) Variable costs per unit 01 troome statementa Sa revenue (b) Variable costo) contribution margin Pixed cost Net Income 816,000 (206.000 612.000 60.000 252.000 $566,000 102.000 360,000 (200.000) $164,000 5520,000 272.000 240.000 (60.000 3 18.000 5 5 8 2 1 5 you Expected sales price (b) Variable costs per unit (c) Income statements Sales revenue (b) Variable costa (c) Contribution margin Fixed costs Net income 816,000 (204,000) 612,000 (360.0002 252,000 $ 566,000 (182,000 364.000 (200,000) $164,000 $ 620,000 (372.000) 248,000 160.000) $ 189,000 $ Required a. Determine the margin of safety as a percentage for each product. Complete this question by entering your answers in the tabs below. Rega Determine the margin of safety as a percentage for each product. (Round your answers to whole percenta Mint Chocolato Chlp Salted Caramel Birthday Cake Margin of safety % % % 3 Roga net