updates ni April 13 Saved Help Save & EXIT Su Check my w Exercise 21-13 Forecasted income statement LO C2 Blanchard Company manufactures a single product that sells for $180 per unit and whose total variable costs are $135 per unit. The company's annual fixed costs are $562,500. The sales manager predicts that annual sales of the company's product will soon reach 40,000 units and its price will increase to $200 per unit. According to the production manager, variable costs are expected to increase to $140 per unit, but fixed costs will remain at $562,500. The income tax rate is 20%. 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 BLANCHARD COMPANY Forecasted Contribution Margin Income Statement Units 5 per unit Sales Variable cost Contribution margin Fixed costs Income before taxes Income taxes $ Net Income Prese 1 of 4 Next >