Astro Company sold 27,500 units of its only product and reported income of $67,000 for the current year. During a planning session for next year'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 $144,000. Total units sold and the selling price per unit will not change. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Ass les are $1,375,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)