Please finish the problem as it it not complete

Required information The following information applies to the questions displayed belowj Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories an products in separate factories and markets year, the company sold 50,000 units of each product. them through different channels. They have no shared costs. This year, the company sold/50,000 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 Product1T $2,000,000 1,689,80 400,000 Producto $2,000,860 250,000 1,750,0ee 1,475,000 275,800 88.000 275,000 88,000 $ 187,000 $ 187,000 2. Assume that the company expects sales of each product to decline to 30,000 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 wit columns for each of the two products (assume a 32% tax rate. Also, assume that any loss before taxes yields a 32% tax benefit (Ent losses and tax benefits, if any, os negative values.)