Requlred Information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Hudson Company reports the following contribution margin income statement.

Exercise $18-19($Algo$)$ Evaluating strategles$-$new machine LO C$2$

The company is considering buying a new machine that will increase its fixed costs by $$35\mathrm{.}500$ per year and decrease its variable

costs by $$8$ per unit. Prepare a contribution margin income statement for the next year assuming the company purchases this

machine.