Required information Problem 18-5A 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 40,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costa Income before taxes Income taxes (328 rate) Net income Product T $720,000 Product o $720,000 576,000 144,000 34,000 110,000 35,200 144,000 576,000 466,000 110,000 35,200 $ 74,800 $ 74,800 Problem 18-5A 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 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 32% tax rate). Also, assume that any loss before taxes yields a 32% tax benefit. (Round "per unit" answers to 2 decimal places. Enter losses and tax benefits, if any, as negative values.) HENNA CO. Forecasted Contribution Margin Income Statement Dendunt T Dradunt