Ches Required Information The following information applies to the questions displayed below) Hudson Company reports the following contribution margin income statement HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,500 units at $225 each) 5 2,362,500 Variable costs (10,500 units at $180 each) 1.890,000 Contribution margin 472,500 Fixed costs 369,000 Income $ 103,500 The marketing manager believes that increasing advertising costs by $90,000 will increase the company's soles volume to 11,900 units. Prepare a contribution margin Income statement for the next year assuming the company incurs the additional advertising costs. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Contribution margin Fixed costs Income/Loss