Astro Co. sold 19,900 units of its only product and incurred a $49,148 loss (ignoring taxes) for the current year, as shown here. During a planning session for year 2020's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $149,000. The maximum output capacity of the company is 40.000 units per year. ASTRO COMPANY Contribution Margin Income Statement Yor Year Ended December 31, 2019 Sales $744,260 Variable costs 595, 408 Contribution margin 148,852 Pixed costs 198,000 Net loss $(49,148) 3. Prepare a forecasted contribution margin income statement for 2020 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 intermediate calculations. Round your answers to the nearest whole dollar.) ASTRO COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 Sales $ 744,260 Variable costs Contribution margin 744,260 Fixed costs Net income $ 744,260