Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed coats Income $ 2,160,000 1,728,000 432,000 326,090 1082000 Exercise 21-19 (Static) Evaluating strategies-new machine LO C2 The company is considering buying a new machine that will increase its fixed costs by $40,500 per year and decrease its variable costs by $9 per unit. Prepare a contribution margin income statement for the next year assuming the company purchases this machine. Sales HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Variable costs Contribution margin Faxed costs Income