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 56,000 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 $ 929,680 650.720 278,880 132,888 146,080 51,180 $ 94,900 929,680 185.920 743,680 597,688 146,000 51,100 $ 94,90e 2. Assume that the company expects sales of each product to decline to 39000 units next year with no change in unit seling price Prepare forecasted financial results for next year following the format of the contribution margin income statement as just columns for each of the two products (assume a 35% tax rate) Also, assume that any loss before taxes yees a 35ha sett (Round "per unit" answers to 2 decimal places. Enter losses and tox benefits, if any, as negative values) 2324 of 24 Next > e to search 2. Assume that the company expects sales of each product to decline to 39,000 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 beneft (Round "per unit" answers to 2 decimal places. Enter losses and tax benefits, if any, as negetive values.) HENNA CO. Product T Product O Units $ Per unit Total Per unTotel Contribution margin Net income (loss) Next > 23 24 of 24 ere to search