Gibson Company is considering the addition of a new product to its cosmetics line. The company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. Relevant information and budgeted annual income statements for each of the products follow Relevant Information Skin CreamBath oi1 196,000 Color Gel 76,000 12 Budgeted sales in units (a) Expected sales price (b) Variable costs per unit (c) Income statements Sales revenue (a b) Variable costs (ax c) Contribution margin Fixed costs Net income 116,000 $812,000 $1,176,000912,000 304,000 (405,000) 1405 ,000) (88,000 216,000 (608,000) (232,000) 80,000 588.000)- 88,000 - 175,000 183,000