Hudson Co. reports the contribution margin income statement for 2019.

HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2019
Sales (10,400 units at $280 each)	$	2,912,000
Variable costs (10,400 units at $210 each)		2,184,000
Contribution margin		728,000
Fixed costs		567,000
Pretax income	$	161,000

The marketing manager believes that increasing advertising costs by $166,000 in 2020 will increase the companys sales volume to 11,800 units. Prepare a forecasted contribution margin income statement for 2020 assuming the company incurs the additional advertising costs.