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 (324 rate) Net income Product T $2,000,000 1,600,000 400,000 125,000 275,000 88,000 $ 187,000 Producto $2,000,000 250,000 1,750,000 1,475,000 275,000 88,000 $ 187,000 2. Assume that the company expects sales of each product to decline to 30,000 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 (Enter losses and tax benefits, if any, as negative values.) Total HENNA CO. Forecasted Contribution Margin Income Statement Product T Producto Units 5 Per unit Total 5 Per unit Total $ 40 $ 40 $ 32 os 5 $ 8 ors 35 Sales Variable cost Contribution margin . 0 0 0 0 Not income (loss)