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 42,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Carvings $ 747,600 523,320 224,280 108,280 $ 116,000 Mementos $ 747,600 149,520 598,080 482,080 $ 116,000 Income 2. Assume that the company expects sales of each product to decline to 25,000 units next year with no change in unit selling price. Prepare a contribution margin income statement for the next year (as shown above with columns for each of the two products). (Round "per unit" answers to 2 decimal places.) HENNA COMPANY Contribution Margin Income Statement Carvings Mementos Units $ Per unit Total $ Per unit Total Total $ O $ 0 0 0 O Contribution margin O Income (loss) $ 0 $ 0 $ 0 3. Assume that the company expects sales of each product to increase to 56,000 units next year with no change in unit selling price. Prepare a contribution margin income statement for the next year (as shown above with columns for each of the two products). (Round "per unit" answers to 2 decimal places.) HENNA COMPANY Contribution Margin Income Statement Carvings Mementos Units $ Per unit Total $ Per unit Total Total $ 0 $ 0 $ 0 0 0 0 Contribution margin 0 Income (loss) $ 0 $ 0 $ 0