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 50,000 units of each product. Sales and costs for each product follow

Product T Product O Sales 800000 560,000 240,000 100,000 140,000 44,800 s800.000 100,000 700,000 560.000 140,000 Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) 44.800 95,200 95,200 Net income 2. Assume the company expects sales of each product to decline to 33,000 units next year with no change in unit seling price. Prepare forecasted financial results for next year following the format of the contribution margin income statement as just shown with columns for each of the two products (assume a 32% tax rate). Also, assume that any loss before taxes yields a 32% tax benefit. (Round "per unit to 2 decimal places. Enter losses and tax benefits, if any, as negative values.) HENNA CO. Forecasted Contribution Margin Income Statement Product T Total Product O S Per unit Units Total 5 Per unit Tetal Contribution margin Net inpome (pss 3. Assume that the company expects sales of each product to increase to 64,000 units next year with no change in unit selling price. Prepare forecasted financial results for next year following the format of the contribution marcin income statement shown with columns for each of the two products (assume a 32% tax rate). (Round "per unit" to 2 decimal places.) HENNA CO Forecasted Contribution Margin income Statement Product T Product O Total S Per unit Units Total S Per unit Total Contribution margin Net inoome (oss)