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 46,000 units of each product. Sales and costs for each product follow Product T Product o Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32t rate) Net income 800,400 640, 320 160,080 32,080 128,000 44,800 800,400 160,080 640, 320 512, 320 128,000 44,800 83,200 $ 83, 200 2. Assume that the company expects sales of each product to decline to 29,000 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 35% tax rate). Also, assume that any loss before taxes yields a 35% 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 Product Co Total Units $ Per unit Total $ Per unit Total Contribution margin Net income (loss) Required information [The following information applies to the questions displayed below.] Henna Co. produces and sells two products, T and O lt manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 46,000 units of each product. Sales and costs for each product follow Product T Producto Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net income $ 800,400 $800,400 160,080 640,320 512,320 128,000 44, 800 $ 83,200 83, 200 640,320 160,080 32,080 128,000 44,800 3. Assume that the company expects sales of each product to increase to 60,000 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 35% tax rate). (Round "per unit" answers to 2 decimal places.) HENNA CO Forecasted Contribution Margin Income Statement Product T Product O Total Units $ Per unit Total $ Per unit Total Contribution margin Net income (loss)