Check my work Problem 21-5A Break-even analysis, different cost structures, and income calculations LO C2, A1, P4 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 60,000 units of each product Sales and costs for each product follow Product Producto Sales $1,020,000 $1,220,000 Variable costs 612, eee 204,000 Contribution margin 408,00 816.000 Fixed costs 258,080 566, Income before taxes 150, eee 150,00 Income taxes (35% rate) 52,500 52,500 Net income $ 97.500 $ 97,500 Problem 21-5A Part 3 3. Assume that the company expects sales of each product to increase to 74,000 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 shown with columns for each of the two products laceme a 259 TAX ratel Round er unit" answers to decimal face on R Drot of 8 Next Problem 21-5A Part 3 3. Assume that the company expects sales of each product to increase to 74,000 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 shown with columns for each of the two products (assume a 35% tax rate). (Round "per unit" answers to 2 decimal places.) Total HENNA CO. Forecasted Contribution Margin Income Statement Product T Producto Units $ Per unit Total 5 Per unit Total 74.000 $ 0 $ 74,000 0 74,000 0 0 $ 0 0 0 Sales Variable cost Contribution margin Fixed costs income before taxes Income taxes (tax benefit) Net income (loss) 0 $ 0