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 54,000 units of each product. Income statements for each product follow. Carvings Mementos Sales Variable costs Fixed costs Income $ 885,600 $ 885,600 531,360 177,120 Contribution margin 354,240 210,240 708,480 564,480) $ 144,000 $144,000 Problem 5-4A (Algo) Part 2 2. Assume that the company expects sales of each product to decline to 37,000 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.) HENNA COMPANY Contribution Margin Income Statement Carvings Mementos Units Total Sales Variable cost 68,000 $ 68,000 $ $ Per unit Total 16.40 $1,115,200 $ $ Per unit Total 16.40 $ 1,115,200 $ 2,230,400 9.84 669,120 $ 3.28 223,040 Contribution margin 68,000 $ 6.56 446,080 $ 13.12 892,160 892,160 1,338,240 Fixed costs 2,102 $ 443,978 $ 56,440 835,720 $1,279,698 58,542 Income (loss)