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Required information Problem 18-3A (Algo) Break-even analysis; income targeting and strategy LO C2, A1, P2 The following information applies to the questions displayed befowi? Astro Company sold 25,500 units of its only product and reported income of $277,200 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 $148,000. Total units sold and the selling price per unit will not change. Problem 18-3A (Algo) Part 1 Compute the break-even point in dotlar sales for next yeat assuming the machine is installed. (Round your onswers to 2 decimal places.) Problem 18-3A (Algo) Part 2 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are \$1,275,000. (Do not round intermediote colculations. Round your answers to the nearest whole dollor.) 3. Compute the sales level required in both dollars and units to earn $180,000 of target income for next year with the machine installed. (Do not round intermediate calculations. Round your answers to 2 decimal places. Round "Contribution margin ratio" to nearest whole percentage)