! 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 51,000 units of each product Sales and costs for each product follow. Sales Variable costs Contribution morgin Fixed costs Income before taxes Income taxes (30% rate) Net Income Product $ 821,100 492,660 328,440 187,440 141,000 42,300 $ 98,700 Producto $ 821,100 82,119 738,990 597,990 141,000 42,300 $ 98,700 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage roun Product I Contribution Margin Ratio Choose Numerator: Choose Denominator: Contribution Margin Ratio Contribution margin ratio Il Break Even Point in Dollars Choose Numerator: Choose Denominator: Break Even Point in Dollars Break-even point in dollars Producto Contribution Margin Ratio Contribution margin ratio Break Even Point in Dollars Break-even point in dollars 2. Assume that the company expects sales of each product to decline to 34,000 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.) HENNA CO. Forecasted Contribution Margin Income Statement Product T Producto Units 5 Per unit Total 5 Per unit Total Total Contribution margin Net Income (los) 3. Assume that the company expects sales of each product to increase to 65,000 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 shown with columns for each of the two products (assume a 30% tax rate). (Round "per unit" answers to 2 decimal places.) Total HENNA CO. Forecasted Contribution Margin Income Statement Product Producto Units 5 Per unit Total $ Per unit Total $ 0 0 05 0 0 0 0 Contribution margin 5 Net Income (loss)