2. Assume that the company expects sales of each product to decline to 33,000 units...
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Accounting
2. Assume that the company expects sales of each product to decline to 33,000 units next year with no change in unit sales 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 32% tax rate). Also, assume that any loss before taxes yields a 32% tax savings. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar amount. Input all amounts as positive values except losses and tax savings on losses, which should be indicated by a minus sign.) LETTER CO. Forecasted Contribution Margin Income Statement Product T Product O (Click to select) $ (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Net income/loss
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