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Use the following information for the Exercises below. [The following information applies to the questions displayed below.) 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) Variable costs (10,400 units at $210 each) Contribution margin Fixed costs Pretax income $2,912,000 2,184,000 728,000 567,000 $ 161,000 The marketing manager believes that increasing advertising costs by $166,000 in 2020 will increase the company's sales volume to 11,800 units. Prepare a forecasted contribution margin income statement for 2020 assuming the company incurs the additional advertising costs. HUDSON CO. ded Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 Sales $ 2,912,000 X Variable costs 2,350,000 Contribution margin 562,000 Fixed costs 733,000 Income (pretax)/Loss $ (171,000) Should the company incur the additional advertising costs? Yes X *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted