Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,000 units at $300 each) 3,000,000 Variable costs (10,000 units at $240 each) 2,400,000 Contribution margin 600,000 Fixed costs 420,000 Income $ 180,000 xercise 18-19 (Algo) Evaluating strategies-new machine LO C2 ne company is considering buying a new machine that will increase its fixed costs by $42,500 per year and decrease variable costs by $10 per unit. Prepare a contribution margin income statement for the next year assuming the ompany purchases this machine. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ariable costs Contribution margin Fixed costs ncome/Loss