Astro Company sold units of its only product and reported income of $ for the current year. During a planning session for next years activities, the production manager notes that variable costs can be reduced by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $ Total units sold and the selling price per unit will not change.

ASTRO COMPANY

Contribution Margin Income Statement

For Year Ended December

Sales $ per unit $

Variable costs $ per unit

Contribution margin

Fixed costs

Income $

Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $Do not round intermediate calculations. Round your answers to the nearest whole dollar.