Astro Co. sold 19,300 units of its only product and incurred a $54,940 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2018's activities, the production manager notes that variable costs can be reduced 40% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $143000. The maximum output capacity of the company is 40,000 units per year contribution Margin Income Statement For Year Ended December 31, 2817 Sales Variable costs Contribution margin Fixed costs Net loss 718,240 532,680 177,560 232,500 s (54,940) . Prepare a forecasted contribution margin income statement for 2018 that shows the expected results with the machine installed Assume that the unit selling price and the number of units sold will not change, and no income taxes will be due. (Do not round ntermediate calculations. Round your answers to the nearest whole dollar) ASTRO COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2018 Contribution margin K Prey 6 7 8of 0Next