Island Novelties, Inc., of Palau makes two products-Hawalian Fantasy and Tahitian Joy. Each product's selling price, variable expense per unit, and annual sales volume are as follows: Havaiian Tahitian Joy Selling price per unit Variable expense per unit Number of units sold annually 15 100 $920 5,800 0,909 Fixed expenses total $475.800 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 b. Compute the company's break even point in dollar sales. Also, compute its margin of safety in dollars and its margin of safety percentage. 2. The company has developed a new product called Samoan Delight that sells for $45 each and that has variable expenses of $36 per unit. If the company can sell 10,000 units of Samoan Delight without incurring any additional fixed expenses: a. Prepare a revised contribution format income statement that includes Samoan Delight Assume that sales of the other two products does not change b. Compute the company' safety percentage s revised break even point in dollar sales. Also, compute its revised margin of safety in dollars and margin of