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 $58,000$ units of each product. Income statements for each product follow.

$\backslash$table$[[,$Carvings,Mementos$],[$Sales$,$$$974,400,$$$974,400$

Assume that the company expects sales of each product to decline to $41,000$ 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$).$

Note: Round "per unit" answers to $2$ decimal places.

$\backslash$table$[[$HENNA COMPANY$],[$Contribution Margin Income Statement$],[,$Units,Carvings,Mementos,Total$],[,$$ Per unit,Total,$ Per unit,,$],[,,,,,$$$,0,$$$,0],[,,,0,,,0,,0],[$Contribution margin$],[,,,,,,,,0],[$Income $($loss$),,,$$$,,$$$,0,$$$,0]]$

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 $58,000$ units of each product. Income statements for each product follow

Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the cutting process. The following information is available regarding its May inventories.

$\backslash$table$[[,\backslash$table$[[$Beginning$],[$Inventory$]],\backslash$table$[[$Ending$],[$Inventory$]]],[$Raw materials inventory,$$91,000,$$$110,200$