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Required information Problem 05-5A Break-even analysis, different cost structures, and income calculations LO C2, A1, P4 [The following information applies to the questions displayed below.) 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 59,000 units of each product Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (30% rate) Net Income Product 1 $997.100 697.970 299, 130 150, 130 149.000 44,700 $100.00 Producto $ 997, 100 99.710 897.39 748,390 149,000 $104.300 Problem 05-5A Part 2 2. Assume that the company expects sales of each product to decline to 42.000 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 as just shown with columns for each of the two products (assume a 30% tax rate). Also, assume that any loss before taxes yields a 30% tax benefit (Round "per unit" answers to 2 decimal places. Enter losses and tex benefits, if any, as negative values.) Required information 2. Assume that the company expects sales of each product to decline to 42.000 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 as just shown with columns for each of the two products (assume a 30% tax rate). Also, assume that any loss before taxes yields a 30% tax benefit (Round "per unit" answers to 2 decimal places. Enter losses and tax benefits, if any, as negative values.) Total HENNA CO. Forecasted Contribution Margin Income Statement Product T Producto Units Per unit T otal S Per unit. Total 42,0001 42,000 5 1662 698040 42,000 712 299,040 698,040 Sales Variable cost Contribution margin Fixed costs Income (Loss) before taxes income taxes (tax benefit) Net Income (los)