Island Novelties, Inc., of Palau makes two products, Hawaiian Fantasy and Tahitian Joy. Present revenue, cost, and sales data for the two products follow: Hawaiian Fantasy Tahitian  Joy   Selling price per unit $ 24 $ 100   Variable expenses per unit $ 12 $   30   Number of units sold annually 25,000 6,000 Fixed expenses total $654,000 per year. 1. a- Prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a whole. 1. b- Compute the break-even point in dollar sales for the company as a whole and the margin of safety in both dollars and percent. Round your "Margin of safety percentage" to 1 decimal place (i.e .1234 should be entered as 12.3). 2. a- The company has developed a new product to be called Samoan Delight. Assume that the company could sell 20,000 units at $60 each. The variable expenses would be $39 each. The company’s fixed expenses would not change 2. b- Compute the company’s new break-even point in dollar sales and the new margin of safety in both dollars and percent. Round your dollar amounts to nearest whole number. Round your "Percentage" answer to 1 decimal place (i.e .1234 should be entered as 12.3)