HUDSON CO Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (10,000 units at $300 each) Variable costs (10,000 units at $240 each) Contributionmargin Fixed Costs Pretax income $3,000,000 2,400,000 $600,000 420,000 $ 180,000 Assume the company is considering investing in a new machine that will increase its fixed costs by $42,500 per year and decrease its variable costs by $10 per unit. Prepare a forecasted contribution margin income statement for 2018 assuming the company purchases this machine HUDSON CO Forecasted Contribution Margin Income Statement For Year Ended December 31, 2018 Sales Variable costs Contribution margin Fixed costs Income (pretax) Should the company purchase the machine? HUDSON CO Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (10,000 units at $300 each) $3,000,00e Variable costs (10,000 units at $240 each 2480,080 Contribution margin Fixed costs $600,000 420,000 $ 180,000 Pretax income The marketing manager believes that increasing advertising costs by $176,000 in 2018 will increase the company's sales volume to 11,400 units. Prepare a forecasted contribution margin income statement for 2018 assuming the company incurs the additional advertising costs. HUDSON CO Forecasted Contribution Margin Income Statement For Year Ended December 31, 2018 Sales Variable costs Contribution margin Fixed costs Income (pretax) Should the company incur the additional advertising costs