Exercise 21-13 Forecasted income statement LO C2 Blanchard Company manufactures a single product that sells for $200 per unit and whose total variable costs are $148 per unit. The company's annual fixed costs are $640.000. The sales manager predicts that annual sales of the company's product will soon reach 41.000 units and its price will increase to $210 per unit. According to the production manager, the variable costs are expected to increase to $150 per unit but fixed costs will remain at $640,000. The income tax rate is 20% what amounts of pretax and a 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 s per unit Sales Variable cost Contribution margin Fixed costs Income before taxes Income taxes Net Income