HELP ASAP, Can you check over to see if this is right

m - Ch 17 &18 Required information The following information applies to the questions dlsplayed 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. Produ Sales variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net income $1,020,000 612,800 488,00e 258,eee 150,ee9 52,500 $97,500 0 51,820,808 204,0e0 816,800 666,eee 158,8e0 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) Forecasted Contribution Margin Income Statement Product T Product O Total Total S Pr unit Total 74.000 700 1,258,00017.00 1,258,000 2,516,000 251,600 1,006,400 74,000 10.20 4,000 6.80 cost 754,800 340 503,2000 100,400 1,509,600 924,000 Contribution margin 258,000 245,200 666.000 340,400 ked costs 585,600 (oss) before taxe come taxes (tax beneid) Net income (loss) $ 245.20o