Ch 18 Presentation Review Questions 6 Exercise 18-13 Forecasted income statement LO C2 5.88 points eBook Hint Print Blanchard Company manufactures a single product that sells for $180 per unit and whose total variable costs are $135 per unit. The company's annual fixed costs are $562,500. The sales manager predicts that annual sales of the company's product will soon reach 40,000 units and its price will increase to $200 per unit. According to the production manager, variable costs are expected to increase to $140 per unit but fixed costs will remain at $562,500. The income tax rate is 20% What amounts of pretax and after tax income can the company expect to earn from these predicted changes? Prepare a forecasted contribution margin income statement BLANCHARD COMPANY Forecasted Contribution Margin income Statement Units unit Sales Variable cost Contribution 0 margin Fixed costs income before taxes 0 Income taxes Net Income $ 0 S per Reference