Astro Company sold 28,500 units of its only product and reported income of $57.900 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 $142,000. Total units sold and the selling price per unit will not change. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (550 per unit) 5 1,625,000 Variable couts (547 per unit) 1,339,500 Contebution margin 15,500 Fixed cost 27.600 Income 57,900 1. Compute the break-even point in dollar sales for next year assuming the machine is installed. (Round your answers to 2 decimal places.) Contribution margin Contribution Margin Ratio Por unit Numerator Denominator Contribution Margin Ratio Contribution margin ratio 0 Break-even point in dollar sales with new machine Numerator Denominator Break Evon Point in Dollar Break-even point in dollars 0 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1.425,000. (Do not round Intermediate calculations. Round your answers to the nearest whole dollar) ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales $ 1.425,000 Variable costs 669.750 Contribution margin 755,250 Fixed costs 169.500 income S 565,650