5-4A (Algo) Break-even analysis, different cost structures, and income calculations LO C2, A1, P2 [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 54,000 units of each product. Income statements for each product follow. Carvings Sales $ 885,600 Mementos $ 885,600 Variable costs Fixed costs Income 531,360 Contribution margin 354,240 210,240 $144,000 $ 144,000 177,120 708,480 564,480 Problem 5-4A (Algo) Part 2 2. Assume that the company expects sales of each product to decline to 37,000 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.) Contribution margin Income (loss) HENNA COMPANY Contribution Margin Income Statement Carvings Mementos Units Total $ Per unit Total $ Per unit Total + Help