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 Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net income Product T $800,000 560,000 240,000 100,000 140,000 44,880 $ 95,200 Product O $800,000 100,899 700,000 560,000 140,000 44,888 $ 95,200 2. Assume that the company expects sales of each product to decline to 33,000 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 benefit (Round "per unit" answers to 2 decimal places. Enter losses and tax benefits, if any, as negative values.) HENNA CO. Forecasted Contribution Margin Income Statement 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 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.) HENNA CO Forecasted Contribution Margin Income Statement Product T Producto Units Per unit Total 5 Per unit T otal Sales S 11 201 (100,000) Variable cost Contribution margin Fixed costs Income (loss) before taxes Income taxes (tax benefit) Net income (loss) (100,000) 100,000 $ 100,000 2. Assume that the company expects sales of each product to decline to 33,000 units next year with no change in unit selling price owing the format of the contribution margin income statement as just shown w 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" answers to 2 decimal places. Enter losses and tax benefits, if any, as negative values.) HENNA CO. Forecasted Contribution Margin Income Statement Product Producto Units $ Per unit Total $ Per unit Tota Total Sales Variable cost 11 201 (560,000) Contribution margin Fixed costs Income before taxes Income taxes (tax benefit) Net income (loss) (100.000) (100.000) 460.000 (100.000)