LHC FUTURY WHITOUUHOMMES Luure queur UiSpicyeu veuw Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 45,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Tixed costs Income before taxes Income taxes (400 rate) Net income Product T $787,500 551, 250 236,250 111,250 125,000 50,000 $ 75,000 Product o $787,500 78,750 708,750 583,750 125,000 50,000 $ 75,000 3. Assume that the company expects sales of each product to increase to 59,000 units next year with no change in unit selling price. Prepare forecasted financial results for next year following the format of the contribution margin income statement shown with columns for each of the two products (assume a 40% tax rate). (Round "per unit" answers to 2 decimal places.) HENNA CO. Forecasted Contribution Margin Income Statement Product T Producto Units S Per unit Total $ Per unit Total Total Contribution margin Net income (loss)