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 40,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32 rate) Net income Product T $720,000 576,000 144,000 34,000 110,000 35,280 $ 74,800 Product 0 $720,000 144,000 576,000 466,000 110,000 35,200 $ 74,800 3. Assume that the company expects sales of each product to increase to 54,000 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 32% tax rate). (Round "per unit" answers to 2 decimal places.) HENNA CO Forecasted Contribution Margin Income Statement ProductT Producto Units $ Per unit Total $ Per unit Total 5 0 $ Total 0 $ 0 0 0 0 Sales Variable cost Contribution margin Fixed costs Income before taxes Income taxes (tax benefit) Net Income (los) 0 0 $ 0