The following information applies to the questions displayed below them through different channels. They have no shared Sales and costs for each product follow Co produces and sells two products, T and O. t manufactures these products in separate fectories and markets costs. This year, the company sold 42,000 units of each product 747,600 Variable costs Contribation margin 523, 320 224,280 Pixed costs Incone bef Incone taxes (32t rate) Set income 149,520 482,090 40,600 8 75,40075,400 16,000 40-600 2. Assume that the company expects sales of each product to decline to 25,000 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 befo e taxes y eds a 35% tax bene (Round "per unlt" answers to 2 decimal places Enter losses and tax benefits, If any, as negative values.) Forecasted Contribution Margin Income Statement Product O 31032 of36 Next > MacBook Air 888 pa 3 5 6 PLbution pargin Pixed costs Incone before taxes Income taxes (328 rate) Net incone 108,280 116,000 40,600 75,400 482,080 116,000 40,600 75,400 2. Assume that the company expects sales of each product to decline to 25,000 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 w columns for each of the two products assume a 35% tax rate). Also, assume that any loss before a es yields assa tax benefit Round "per unlt" answers to 2 decimal places. Enter losses and tax benefits, If any, as negative values.) Forecasted Contribution Margin Income Statement Product T Product C Units $ Per unit TotalPr unt Contribution margin Net income (loss) C Prex 31 32 of 36 Next > MacBook Air 6 4 5 2 3 NE