Check m [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 59,000 units of each product. Sales and costs for each product follow. Product T Product 0 Sales $997, 100 $997, 100 Variable costs 697, 970 99 , 710 Contribution margin 299, 130 897, 390 Fixed costs 150, 130 748, 390 Income before taxes 149, 000 149, 000 Income taxes (308 rate) 44, 700 44, 700 Net income $104, 300 $ 104, 300 3. Assume that the company expects sales of each product to increase to 73,000 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 ences Product T Product O Total Units $ Per unit Total $ Per unit Total S 0 $ O s 0 0 Contribution margin Net income (loss) S 0