Please note there are 3 parts to this question. I have provided the dropdowns to question #, as well. Thank you so much to whoever completes this question for me. I really appreciate it!

Required information (The following information applies to the questions displayed below.) Astro Company sold 23,000 units of its only product and reported income of $264,600 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 44% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $156,000. Total units sold and the selling price per unit will not change. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($56 per unit) $ 1,288,000 Variable costs ($35 per unit) 805,000 Contribution margin 483,000 Fixed costs 218,400 Income $ 264,600 1. Compute the break-even point in dollar sales for next year assuming the machine is installed. (Round your answers to 2 decimal places.) X Answer is complete but not entirely correct. Proposed Contribution Margin per unit Sales IS Variable costs 56.00 Per unit 35.00 X Per unit 21.00 Per unit Contribution margin Contribution Margin Ratio Numerator: Denominator: Contribution Margin Ratio Contribution margin ratio 37.50% Contribution margin per unit 1 Selling price per unit 21.00 56.00 Break-even point in dollar sales with new machine: = Numerator: Denominator: Total fixed costs / Contribution margin ratio 20.00% X Break-Even Point in Dollars Break-even point in dollars $ 1,092,000 $ 218,400 = 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,288,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Contribution margin 0 $ 0 ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 0 Fixed costs $ 0 Income taxes Sales Variable costs 3. Compute the sales level required in both dollars and units to earn $260,000 of target income for next year with the machine installed. (Do not round intermediate calculations. Round your answers to 2 decimal places. Round "Contribution margin ratio" to nearest whole percentage) Sales level required in dollars Numerator: 1 Denominator: Sales dollars required 0 Sales level required in units Numerator: Denominator: = Sales units required 0