Island Novelties, Incorporated, of Palau makes two products - Hawalian Fantasy and Tahitian Joy Each product's selling price; variable expense per unit, and annual unit sales are as folows: Fixed experises total $664,000 per year. Required: 1. Assuming the sales inio piven above: a. Prepare a contribution format income statement showing both dollas and percent columns for each product and for the company as a whiole. b. Compute the company's break even point in dollar sales. Alsn, compute its rargin of safety in dollars and its margin of safery percentage 2. The company has developed a new product called Samoan Dellight that sells for $30 each and has variable expenses of $24 per unit. If the company can sell 22.000 units of Samoan Delight without incuiring any additional fixed expenses: a. Prepare a revised contribution format income statement that includes Samoan Delight. Assume soles of the other two products do not change. b. Compute the comparys revised break-even point in dollar sales. Also, compute its revised margin of salety in dollars and margin of safety percentage