Hudson Company reports the following contribution margin income statement.

HUDSON COMPANY
Contribution Margin Income Statement
For Year Ended December 31
Sales (10,600 units at $300 each)	$ 3,180,000
Variable costs (10,600 units at $240 each)	2,544,000
Contribution margin	636,000
Fixed costs	480,000
Income	$ 156,000

The marketing manager believes that increasing advertising costs by $110,000 will increase the companys sales volume to 12,000 units. Prepare a contribution margin income statement for the next year assuming the company incurs the additional advertising costs.

\begin{tabular}{|l|c|} \hline \multicolumn{2}{|c|}{ HUDSON COMPANY } \\ \hline \multicolumn{2}{|c|}{ Contribution Margin Income Statement } \\ \hline For Year Ended December 31 \\ \hline Sales \\ \hline Variable costs & \\ \hline Contribution margin & \\ \hline Fixed costs & \\ \hline Income/Loss & $ \\ \hline \end{tabular}