Help 4 Part 1 of 3 5 points 800.44.20 eBook Required information Use the following information for the Exercises below. (Algo) [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 (11,600 units at $225 each) Variable costs (11,600 units at $180 each) Contribution margin Fixed costs Income $ 2,610,000 2,088,000 522,000 315,000 $207,000 Exercise 18-17 (Algo) Evaluating strategies- advertising LO C2 The marketing manager believes that increasing advertising costs by $165,000 will increase the company's sales volume to 13,000 units. Prepare a contribution margin income statement for the next year assuming the company incurs the additional advertising costs. Sales HUDSON COMPANY Contribution Margin income Statement For Year Ended December 311 Variable costs Contribution margin Fixed costs Income/Loss