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Island Novelties, Inc., of Palau makes two products, Hawailian Fantasy and Tahitian Joy. Present revenue cost, and sales data for the two products follow Selling

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Island Novelties, Inc., of Palau makes two products, Hawailian Fantasy and Tahitian Joy. Present revenue cost, and sales data for the two products follow Selling price per unit Variable expenses per unit Number of units sold annually $ 40 S 140 $ 24S 28 9,000 6,000 Fixed expenses total $907 200 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 Noveltios, Inc.. Contribution Income Statement Hawaian Fantasy Amount Tahitian Joy Total Amount Amount %

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