7 Exercise 18-13 Forecasted income statement LO C2 points Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $120 per unit. The company's annual fixed costs are $629,000. The sales manager predicts that annual sales of the company's product will soon reach 39,900 units and its price will increase to $199 per unit. According to the production manager, variable costs are expected to Increase to $139 per unit, but fixed costs will remain at $629,000. The Income tax rate is 25%. What amounts of pretax and after-tax Income can the company expect to earn from these predicted changes? Prepare a forecasted contribution margin Income statement. Answer is not complete. BLANCHARD COMPANY Forecasted Contribution Margin Income Statement Units Fixed costs S per sit Contribution margin Variable cost Sales Fixed costs Net income