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 42,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Sales Variable cost Contribution margin Fixed costs Income (loss) Problem 18-4A (Algo) Part 2 2. Assume that the company expects sales of each product to decline to 25,000 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.) > Carvings $ 747,600 523,320 224,280 108,280 $ 116,000 $ 116,000 Units Mementos $ 747,600 149,520 598,080 482, 080 Answer is complete but not entirely correct. HENNA COMPANY Contribution Margin Income Statement Carvings $ Per unit 25,000 $ 17.80 25,000 |$ 12.46 25,000 $ 5.34 Total $ 445,000 311,500 133,500 108,280 25,220 $ Mementos $ Per unit S 17.80 S s 1.78 X 16.02 X S $ Total 445,000 44,500 400,500 482,080 (81,580) Total $ 890,000 356,000 534,000 590,360 $ (56,360)