Cost-Volume-Profit Analysis Assignment 3 11 Part 3 of 3 points eBook ! 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 (10,900 units at $225 each) Variable costs (10,900 units at $180 each) Contribution margin Fixed costs Income $ 2,452,500 1,962,000 490,500 387,000 $ 103,500 Hint Print The company is considering buying a new machine that will increase its fixed costs by $39,000 per year and decrease its variable costs by $10 per unit. Prepare a contribution margin income statement for the next year assuming the company purchases this machine. References HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Contribution margin Fixed costs Income/Loss $ 2,452,500 2,452,500 $ 2,452,500