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 52,000 units of each product. Income statements for each product follow. Carvings Mementos Sales $ 842, 400 $ 842, 400 Variable costs 673, 920 168, 480 Contribution margin 168, 480 673,920 Fixed costs 26, 480 531,920 Income $ 142,000 $ 142,000 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: 1 Denominator: Contribution margin ratio Break-Even Point in Dollars Numerator: 1 Denominator: = Break-even point in dollars PRODUCT MEMENTOS Contribution Margin Ratio = Contribution margin ratio Break-Even Point in Dollars = Break-even point in dollars2. 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 a contribution margin income statement for the next year [as shown above with columns for each of the two products}. {Round \"per unit'I answers to 2 decimal places] Contribution margin Income (lose) 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 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-)