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 44,000 units of each product. Sales and costs for each product follow. Product T Product O Sales $ 774,400 $ 774,400 Variable costs 464,640 154,880 Contribution margin 309,760 619,520 Fixed costs 187,760 497,520 Income before taxes 122,000 122,000 Income taxes (32% rate) 39,040 39,040 Net income $ 82,960 $ 82,960 References Section BreakProblem 21-5A Break-even analysis, different cost structures, and income calculations LO C2, A1, P4 9.value: 10.00 pointsRequired information Problem 21-5A Part 1 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.) ReferenceseBook & Resources Expanded tableDifficulty: 3 HardLearning Objective: 21-C2 Describe several applications of cost-volume-profit analysis. Problem 21-5A Part 1Learning Objective: 21-A1 Compute the contribution margin and describe what it reveals about a companys cost structure.Learning Objective: 21-P4 Compute the break-even point for a multiproduct company. Check my work 10.value: 10.00 pointsRequired information Problem 21-5A Part 2 2. Assume that the company expects sales of each product to decline to 27,000 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 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 savings. (Round "per unit" answers to 2 decimal places. Enter losses and tax benefits, if any, as negative values.) ReferenceseBook & Resources Expanded tableDifficulty: 3 HardLearning Objective: 21-C2 Describe several applications of cost-volume-profit analysis. Problem 21-5A Part 2Learning Objective: 21-A1 Compute the contribution margin and describe what it reveals about a companys cost structure.Learning Objective: 21-P4 Compute the break-even point for a multiproduct company. Check my work 11.value: 10.00 pointsRequired information Problem 21-5A Part 3 3. Assume that the company expects sales of each product to increase to 58,000 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 32% tax rate). (Round "per unit" answers to 2 decimal places.)