3 Cowboy Ice Cream Company (CIC) is considering the addition of a new product to its retail line of ice cream bars. The company has three distinctly different options: mint chocolate chip, salted caramel, or birthday cake. Relevant information and budgeted annual income statements for each of the products follow. 5 points Relevant Information Mint Salted Chocolate Birthday Caramel Cake Chip 114,000 194,000 74,000 10 $ 7 $ 13 $ 2 $ 2 $ 7 02:57:37 Budgeted sales in units (a) Expected sales price (b) Variable costs per unit (c) Income statements Sales revenue (a + b) Variable costs (a x c) Contribution margin Fixed costs eBook $1,140,000 (228,000) 912,000 (624,000) $ 288,000 $1,358,000 (388,000) 970,000 (650,000) $ 320,000 $ 962,000 (518,000) 444,000 (126,000) $ 318,000 Net income Required a. Determine the margin of safety as a percentage for each product. Complete this question by entering your answers in the tabs below. Required 3 a. Determine the margin of safety as a percentage for each product. Complete this question by entering your answers in the tabs below. 5 points 02:57:33 Req A Determine the margin of safety as a percentage for each product. (Round your answers to whole percentage values.) eBook Salted Caramel Birthday Cake Mint Chocolate Chip % Margin of safety % %