Chapter 5 Homework Seved Help Seve & Ex Check 19 Part 3 of 3 Required information (The following information applies to the questions displayed below.) Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 60,000 units of each product. Sales and costs for each product follow points eBook Sales Variable costs Contribution margin Fixed costo Income before taxes Income taxes (35rate) Net Income Product $1,020,000 612,000 400.000 258,000 350.000 52,500 $ 97,500 Producto $1.020,000 204,000 816,000 666,000 150.000 52,500 97,500 3. Assume that the company expects sales of each product to increase to 74,000 units next year with no change in unit selling price. Prepare forecasted financial results for next year following the format of the contribution margin income statement shown with columns for each of the two products (assume a 35% tax rate). (Round "per unit" answers to 2 decimal places) HENNA CO. Forecasted Contribution Margin Income Statement Product T Producto Units $ Per unit $ Per unit Total Total Total Contributinn min 19 Next