Required information [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 55,000 units of each product. Income statements for each product follow. Carvings Sales Variable costs Contribution margin Fixed costs Income $ 907,500 726,000 181,500 36,500 $ 145,000 Mementos $ 907,500 90,750 816,750 671,750 $ 145,000