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 Cozy Selling price per pair $10. 00 $ 15. 00 Variable expenses per pair $ 2. 50 $ 7. 50 Number of pairs sold monthly 1, 200 units 400 units Fixed expenses are $2,070 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.) b. Compute the break-even point in sales dollars for the company as a whole and the margin of safety in both dollars and percentage of sales. {Do not round your intermediate calculations. Round percentage answer to 2 decimal places.) Breakeven sales dollars Margin of safety in dollars Margin of safety in percentage