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New equipment has come on the market that would allow Goshen Company to automate a portion of its operations. Variable expenses would be reduced by

New equipment has come on the market that would allow Goshen Company to automate a portion of its operations. Variable expenses would be reduced by $9.40 per unit. However, fixed expenses would increase to a total of $537,680 each month. Prepare two contribution format income statements, one showing present operations and one showing how operations would appear if the new equipment is purchased. (Round your "Per unit" answers to 2 decimal places.)

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