Sowed 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 Income before taxes Income taxes (32% rate) Net income Product T $774, 4ee 464,640 309,76 187,760 122, eee 39, e4e $ 82,96 Product o $774,400 154,880 619,520 497,52e 122,eee 39, e42 $ 82,96 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 show 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 losites and tax benefits, if any, as negative values. HENNA CO Forecasted Contribution Margin Income Statement Product T Producto att Total Perunit Total Required information Net income 82 You 82,00 2. Assume that the company expects sales of each product to decline to 27,000 units next year with no change in ur Prepare forecasted financial results for next year following the format of the contribution margin income statement a columns for each of the two products (assume a 32% tax rate). Also, assume that any loss before taxes yields a 32% (Round "per unit" answers to 2 decimal places. Enter losses and tax benefits, if any, as negative values.) Total HENNA CO. Forecasted Contribution Margin Income Statement Product T Producto Units $ Per unit Total s Per unit Total 27,000 27,000 27,000 Sales Variable cost Contribution margin Fixed costs Income (Loss) before taxes Income taxas (tax benefit) Not income (loss)