A company's contribution format income statement for last month is given below: Sales (41,000 units * $29 per unit) Variable expenses Contribution margin Fixed expenses Net operating income $1,189,000 832,300 356,700 285,360 $ 71,340 The company considers renovating its operations by purchasing a new machine that would reduce variable expenses by $8.70 per unit. However, fixed expenses would increase to a total of $642,060 each month. Using the new machine would not cause a change in monthly sales quantity or price per unit. What would the company's margin of safety in dollars be if it purchases and uses the new machine? The company considers renovating its operations by purchasing a new machine that would reduce variable expenses by $8.70 per unit. However, fixed expenses would increase to a total of $642,060 each month. Using the new machine would not cause a change in monthly sales quantity or price per unit. What would the company's margin of safety in dollars be if it purchases and uses the new machine? Multiple Choice $237,800 $951,200 $1,070,100 $118,900