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 (18,6ee 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 company's sales volume to 12,000 units. Prepare a contribution margin income statement for the next year assuming the company incurs the additional advertising costs HUDSON COMPANY Contribution Margin income Statement For Year Ended December 31 Sales Variable costs Contribution margin Fixed costs Income Loss 5 O 0