5 Part 3 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 5225 each) $ 2,160,000 Variable costs (9.600 units at $180 each) 1,228,000 Contribution margin 432.000 Tixed costo 324.000 Income $ 100,000 3 Sed Exercise 5-19 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 HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Contribution margin Fixed cost Income Loss 5 0 0