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 44,000 units of each product Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Incose before taxes Income taxes (32% rate) Net income Product T $ 774.400 464, 640 309.760 187,760 122.000 39.040 $ 82,960 Producto $ 774.400 154.880 619, 520 497,520 122.000 39.040 $ 82.960 Required: Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.) Product Contribution Margin Ratio Choose Numerator: Choose Denominator: Contribution Margin Ratio Contribution margin ratio Break-Even Point in Dollars Choose Numerator: Choose Denominator: = Break-Even Point in Dollars Break-even point in dollars Producto Contribution Margin Ratio Contribution margin ratio Break-Even Point in Dollars Break-even point in dollars Net income $89.960 3.UU $82,960 2. Assume that the company expects sales of each product to decline to 27000 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 32% tax rate). Also, assume that any loss before taxes yields a 32% 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 Producto Units $ Per unit Total $ Per unit Total Total Contribution margin Net income (loss) 3. Assume that the company expects sales of each product to increase to 58,000 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 Product T Producto Units Per unit Total $ Per unit Total Total Contribution margin + Net income (loss)