19 Required information (The following information applies to the questions displayed below.) Part 3 of 3 Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 57,000 units of each product. Income statements for each product follow. 3 points Sales Variable costs Contribution margin Fixed costs Carvings $ 951,900 571,140 380,760 233,760 $ 147,000 Mementos $ 951,900 95, 190 856,710 709,710 $ 147,000 Income 3. Assume that the company expects sales of each product to increase to 71,000 units next year with no change in unit selling price. Prepare a contribution margin income statement for the next year (as shown above with columns for each of the two products). (Round "per unit" answers to 2 decimal places.) 3. Assume that the company expects sales of each product to increase to 71,000 units next year with no change in unit selling price. Prepare a contribution margin income statement for the next year (as shown above with columns for each of the two products). (Round "per unit" answers to 2 decimal places.) Answer is complete but not entirely correct. HENNA COMPANY Contribution Margin Income Statement Carvings Mementos Units $ Per unit Total $ Per unit Total Total Sales 71,000 $ 13.41 X $ 952, 110 $ es 13.41 X $ 952.110 $ 1,904,220 665,980 $ 8.04 X 570,840 Variable cost Contribution margin Fixed costs 71,000 71,000 $ 5.37 X IS 1,238,240 381,270 233,760 1.34 X 95, 140 12.07 X 856,970 709, 710 $ 147,260 > 943,470 Income (loss) $ 147,510 $ 294,770