Requlred Informatlon 2. Assume that the company expects sales of each product to decline to 29,000 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 benefit. (Round "per unit" answers to 2 decimal places. Enter losses and tax benefits, if any, as negative values.) The following information applies to the questions displayed below HENNA CO. 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 yeor, the company sold 46,000 units of each product. Sales and costs for eoch product follow. Forecasted Contribution Ma rgin Income Statement Product T Product O Total Units S Per unit Total S Per unit Total Variable cost Product T Product O Contribution margin $ 800,400 800.400 ixed costs Variable costs 160,080 (Loss) before taxes taxes (tax benefit) Contribution margin Fixed costs 160,080 Net income (loss) 32,080 512,320 Income before taxes 128,000 128,000 Income taxes (35% rate) 44,800 44,800 Net income $ 83.200 83.200 References eBook & Resources