Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,485,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)

Required information (The following information applies to the questions displayed below.) 4 Astro Company sold 27,000 units of its only product and reported income of $190,300 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $145,000. Total units sold and the selling price per unit will not change. 2012 Part 2 of 2 16.7 points ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($55 per unit) $ 1,485,000 Variable costs $44 per unit) 1,188,000 Contribution margin 297,000 Fixed costs 106,700 Income $ 190, 300 01:02:35 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,485,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31