Required Informetlon 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 factorles and markets them through different channels. They have no shared costs. This year, the company sold 50,000 units of each product. Sales and costs for each product follow. Product Product o $2,88e,888 Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net income $2,88e,888 1,688,80e 258,800 1,750,880 1,475,8ee 125,8ee 275,808 275,8ee 88,80 88,80 $ 187,88e $ 187,88e 3. Assume that the company expects sales of each product to Increase to 60,000 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). HENNA CO Forecasted Contribution Margin Income Statement Total Product T Product O $ Per unit Total $ Per unit Total Units Contribution margin Net income (loss)