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[The following information applies to the questions displayed below.] Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate

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[The following information applies to the questions displayed below.] Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, . the company sold 50,000 units of each product. Income statements for each product follow. roblem 5-4A (Static) Part 2 Assume that the company expects sales of each product to decline to 30,000 units next year with no change in unt fice. Prepare a contribution margin income statement for the next year (as shown above with columns for each of the roducts)

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