A company's contribution format income statement on ast month is given below Sales (41,000 units X $29 per unit) Variable expenses Contribution margin Fixed expenses Net operating income $1,189,900 832,300 356,700 285,360 $ 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? Multiple Choice $237,800 $1,070,100 $951200 $118.900