! Required information [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 47,000 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 T $813,100 Product O $813,100 487,860 325,240 81,310 731,790 194,240 600,790 131,000 39,300 $ 91,700 131,000 39,300 $ 91,700