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factories and markets them through different channels. They have no shared costs. This year, the company sold 59,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Carvings $ 997.100 697.970 299, 130 150, 130 $ 149,000 Mementos $ 997, 100 99,710 897,390 748,390 $ 149,000 0 Problem 21-4A (Algo) 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 a contribution morgin 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.) Total HENNA COMPANY Contribution Margin Income Statement Carving Momentos Units 5 Per unit Total 5 Par unit Total 42,000 $ 42,000 0 42,000 0 0 $ 0 0 Sales Variable cost Contribution margin Fixed costs Income (loss) 0 $ 0 $ 0 $ 0 The following information applies to the questions displayed below) 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 59,000 units of each product. Income statements for each product follow, Sales Variable costs Contribution margin Fixed costs Income Carvings $997,100 69 7,970 299, 130 150, 130 $ 149,000 Mementos $ 997,100 99,710 897,390 748, 390 $ 149,000 Problem 21-4A (Algo) Part 3 3. Assume that the company expects sales of each product to increase to 73,000 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.) Total HENNA COMPANY Contribution Margin Income Statement Carvings Mementos Units 5 Per unit Total 5 Per unit Total 73,000 $ 0 $ 73,000 0 73,000 015 0 0 0 Sales Variable cont Contribution margin Fixed costs Income (loss) 0 $ 0 S 0 $ 0