4. Compute the sales level required in both dollars and units to earn $170,000 of target pretax income in 2020 with the machine installed and no change in unit sales price. (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 Choose Numerator: Choose Denominator: Sales Dollars Required Sales dollars required $ 1,017,273 - Fixed costs plus pretax income 1 Contribution margin ratio $ 559,500/ 55.00% Sales level required in units Choose Numerator: 1 Choose Denominator: Fixed costs plus pretax income / Contribution margin per unit $ 559,500/ $ 20.46 = Sales Units Required = Sales units required 27,347 units O Required information (The following information applies to the questions displayed below.) Astro Co. sold 19,700 units of its only product and incurred a $59,290 loss (ignoring taxes) for the current year, as shown here. During a planning session for year 2020's activities, the production manager notes that variable costs can be reduced 40% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $147,000. The maximum output capacity of the company is 40,000 units per year. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31, 2019 Sales $ 732,840 Variable costs 549,630 Contribution margin 183,210 Fixed costs 242,500 Net loss $ (59,290) 5. Prepare a forecasted contribution margin income statement that shows the results at the sales level computed in part 4. Assume no income taxes will be due. (Do not round intermediate calculations. Round "per unit answers" to 2 decimal places.) ASTRO COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 $ Per Unit $ $ $ 37.20 Contribution margin