8 Required information The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2017. Part 3 of 5 HUDSON co. Contribution Margin Income Statenent For Year Ended Decenber 31, 2017 points Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution nargin Fixed costs Pretax income $2,160,000 1 728,000 432, 000 324,000 $ 108.000 Hint Assume the company is considering investing in 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 forecasted contribution margin income statement for 2018 assuming the company purchases this machine. HUDSON CO. Forecasted Contribution Margin Income Statement 31, 2018 Sales Variable costs Contribution margin Fixed costs Income (pretax) Should the company purchase the machine?