5 Part 2 of 3 Required information [The following information applies to the questions displayed below] 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 45,000 units of each product. Income statements for each product follow. Sales Carvings $787,500 Mementos $787,500 Variable costs 551,250 78,750 Contribution margin 236,250 708,750 Fixed costs Income 111,250 583,750 $125,000 $125,000 2. Assume that the company expects sales of each product to decline to 28,000 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.) Sales Variable cost Contributine maroin HENNA COMPANY Contribution Margin Income Statement Carvings Mementos Units Total $ Per unit Total $ Per unit Total $ 0 $ 5 Sales Variable costa Contribution margin Fixed costs Income Carvings $797,500 551,250 236,250 Menentos $ 787,500 78,750 708,750 111,250 $125,000 583,750 $125,000 SUB Part 2 of 3 2. Assume that the company expects sales of each product to decline to 28,000 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). (Rou "per unit" answers to 2 decimal places.) Sales Variable cost Contribution margin Fixed costs Income (loss) HENNA COMPANY Contribution Margin Income Statement Carvings Units $ Per unit Mementos Total Total $ Per unit Total 0 $ 0 0 0 0 $ 0 $ 0