Morton Company's contribution format income statement for last month is given below. The, industry which Morton Company operates is quite sensitive to cyclical movements in the economy thus profits vary consider from year to year according to general economic conditions The company has a large amount of unused capacity and is studying ways of improving profits. New equipments has come onto the market that would allow Morton Company to automate a portion of its operations Variable expenses would be reduced by $9 per unit However, fixed expenses would increase to a local of $225.000 each month, Prepare two contribution format income statements one showing present operations and one showing how opera sons would appear if he new equipments purchased