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 48,000 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 $825,600 577,920 247,680 113.680 134,000 42.BBO $ 91,120 Producto $825,600 165, 120 660,480 526,480 134,000 42,880 $ 91,120 3. Assume that the company expects sales of each product to increase to 62,000 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.) Total HENNA CO Forecasted Contribution Margin Income Statement Product T Producto Units $ Per unit Total $ Per unit Total $ 0 $ 0 0 $ 0 0 0 Contribution margin 0 Net Income (los) $ 0 Period 1 2 3 4 5 Units Produced 0 560 960 1,360 1,760 Total Costa $2,660 3,260 3,860 Period 6 7 8 9 10 Units Produced 2,160 2,560 2,960 3,360 3,760 Total Costs $5,660 6,260 6,860 7,460 9,804 4.460 5,060 Estimate total costs if 3,160 units are produced, Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point Volume at the low point Variable cost per unit Total variable costs at the low point Total fixed costs Estimated total cost