Markham Farms reports the following contribution margin income statement for the month of August. The company has the opportunity to purchase new machinery that will reduce its variable cost per unit by $3 but will increase fixed costs by 10% MARKHAM FARMS Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (2,000 units at $90 per unit) $180,000 Variable costs (2,000 units at $12 per unit) $24,000 Contribution margin $156,000 Fixed costs $60,000 Net income (loss) $96,000 Prepare a projected contribution margin income statement for Markham Farms assuming it purchases the new equipment Prepare a projected contribution margin income statement for Markham Farms assuming it purchases the new equipment Assume sales level remains unchanged. Round to the nearest dollar. Use commas to denote thousands. MARKHAM FARMS Contribution Margin Income Statement For Year Ended December 31, 2019 Sales S Variable costs S Contribution margin Fixed costs IS Net income (loss)