Astro Company sold 24,000 units of its only product and reported income of $174,800 for the current year. During a planning session for next years activities, the production manager notes that variable costs can be reduced 42% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $158,000. Total units sold and the selling price per unit will not change. 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,392,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)

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2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,392,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) Required information [The following information applies to the questions displayed below.] Astro Company sold 24,000 units of its only product and reported income of $174,800 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 42% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $158,000. Total units sold and the seiling price per unit will not change. 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,392,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) 2. Prepare a contribution margin income statement for next ye sales are $1,392,000. (Do not round intermediate calculation