Island Novelties, Inc., of Palau makes two products, Hawaiian Fantasy and Tahitian Joy. Present revenue cost, and sales data for the two products follow: price per unit Variable expenses per unit Number of units sold annually Hawailan Tahitian Fantasy Joy $ 20 $ 100 13 5 40 22,000 6,600 Fixed expenses total $506,000 per year. Required: 1. Assuming the sales mix given above, do the following a. Prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a whole Island Novelties, Inc. Contribution Income Statement Total Hawaiian Fantasy Amount Tahitian Joy Amount Amount! %