Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Warm $ 8.00 Cozy $12.00 $ 6.00 1,200 units 400 units Selling price per pair Variable expenses per pair Number of pairs sold monthly $ 2.00 Fixed expenses are $3,510 per month. Required: 1. Assuming the sales mix above, do the following: a. Prepare a contribution format income statement showing both dollars and percentage columns for each product and for the company as a whole. (Round percentage answers to 2 decimal places.) WARM HANDS Contribution Income Statement Warm Cozy Total % % % Sales $ 9,600 100.00 $ 4,800 100.00 $ 14,400 100.00 Variable expenses 2,400 25.00 2,400 50.00 4,800 33.33 Contribution margin $ 7,200 75.00 $ 2,400 50.00 9,600 66.67 Fixed expenses 3,510 Operating income $ 6,090