Henna Company produces and sells two products, Carvings and Mementos. 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. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income i Carvings $ 774,400 Mementos $ 774,400 464,640 309,760 187,760 $122,000 154,880 619,520 497,520 $ 122,000 Required: 1. Compute the break-even point in dollar sales for each product (Enter CM ratio as percentage rounded to 2 decimal places.) PRODUCT CARVINGS Contribution Margin Ratio Numerator: Break-Even Point in Dollars Numerator: Denominator: Denominator: Contribution margin ratio: Break-even point in dollars 0 PRODUCT MEMENTOS Contribution Margin Ratio Contribution margin ratio 0 Break Even Point in Dollars Break-even point in dollars 3. Assume that the compeny expects sales of each product to increase to 58,000 units next year with no change in unit selling price. Prepare a contribution margin income statement for the next year (as shown above with columns for each of the two products) (Round "per unit" answers to 2 decimal places.) Contibution margin Income (loss) HENNA COMPANY Contribution Margin income Statement Units Carvings Mementon total Per anit Total SP unit Total 0 0 $ $ 0$