Chapter 5 question 19Henna company 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 51,000 units of each product. Sales and costs for each product are in the photo.The blue chart has more rows with fill in the blanksThe middle asks for contribution margin There are 3 more rows of fill in the blanks afterAnd the last row asks for net income

Check my Product T Product O Sales $ 821, 100 $ 821, 100 Variable costs 492, 660 82, 110 Contribution margin 328, 440 738,990 Fixed costs 187, 440 597,990 Income before taxes 141, 000 141, 000 Income taxes (30% rate) 42, 300 42, 300 Net income $ 98,700 $ 98,700 3. Assume that the company expects sales of each product to increase to 65,000 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 30% tax rate). (Round "per unit" answers to 2 decimal places.) HENNA CO. Forecasted Contribution Margin Income Statement Product T Product O Total Units $ Per unit Total $ Per unit Total $ 0 0 $