6 Required information (The following information applies to the questions displayed below.) Part 2 of 3 Astro Company sold 29,500 units of its only product and reported income of $234,000 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 $180,000. Total units sold and the selling price per unit will not change. 10 points ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($60 per unit) $ 1,770,000 Variable costs ($48 per unit) 1, 416,000 Contribution margin 354,000 Fixed costs 120,000 Income $ 234,000 eBook Print 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,770,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Contribution margin