Problem 21-4A (Algo) Break-even analysis, different cost structures, and income calculations LO C2, A1, P2 [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 40,000 units of each product. Income statements for each product follow. Problem 21-4A (Algo) Part 1 Required: 1. Compute the break-even point in dollar sales for each product. Note: Enter CM ratio as percentage rounded to 2 decimal places. Contribution Margin Ratio Break-Even Point in Dollars PRODUCT MEMENTOS Contribution Margin Ratio Break-Even Point in Dollars Problem 21-4A (Algo) Part 2 2. Assume that the company expects sales of each product to decline to 23,000 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). Note: Round "per unit" answers to 2 decimal places