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 52,000 units of each product. Sales and costs for each product follow. Sales $ 842,400 $ 842,400 Variable costs 673,920 168,480 Contribution margin 168,480 673,920 Fixed costs 26,480 531,920 Income before taxes 142,000 142,000 Income taxes (35% rate) 49,700 49,700 Net income $ 92,300 $ 92,300 1. Compute the break-even point in dollar sales for each product. 2. Assume that the company expects sales of each product to decline to 35,000 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 35% tax rate). Also, assume that any loss before taxes yields a 35% tax savings 3. Assume that the company expects sales of each product to increase to 66,000 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 35% tax rate).