A Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Selling price $120 Variable expenses 50 Contribution margin 70 Fixed expenses are $235,000 per month. The company is currently selling 4,000 units and has NOI of $25,000 per month. Management is considering purchasing a new machine that would decrease fixed costs by $12,800 per month. Because the new machine is more complicated to operate, management estimates that variable costs would increase by 10%. Required: (answer the questions in the space below. Show all work to receive any partial credit). 1. Prepare a contribution margin income statement and compute NOI with the new machine if the company continues to sell 4,000 units per month. 2. Compute the increase or decrease in NOI with the new machine and determine if management purchase the new machine. Indicate yes or no and explain the reason for your response based on your calculations for 1