Astro Company sold 21 000 units of its only product and reported income of 84 800 for the current year During a planning session for next year s activities the production manager notes that variable costs can be reduced 48 by installing a machine that automates several operations To obtain these savings the company must increase its annual fixed costs by 152 000 Total units sold and the selling price per unit will not change ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales 52 per unit Variable costs 44 per unit Contribution margin Fixed costs Income ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 1 092 000 2 Prepare a contribution margin income statement for next year that shows the expected results with the machine installed Assume sales are 1 092 000 Note Do not round intermediate calculations Round your answers to the nearest whole dollar Contribution margin 924 000 168 000 83 200 84 800 Check my