Problem 18-3A (Algo) Break-even analysis; income targeting and strategy LO C2, A1, P2 [The following information applles to the questions displayed below.] Astro Company sold 23,000 units of Its only product and reported Income of $264,600 for the current year. During a planning session for next year's actlvitles, the production manager notes that varlable costs can be reduced 44% by Installing a machine that automates several operations. To obtain these savings, the company must Increase its annual fixed costs by $156,000. Total units sold and the selling price per unit will not change. 1. Compute the break-even point in dollar sales for next year assuming the machine is Installed. (Round your answers to 2 decimal places.) 2. Prepare a contribution margin Income statement for next year that shows the expected results with the machine Installed. Assume sales are $1,288,000. (Do not round Intermedlate calculatlons. Round your answers to the nearest whole dollar.) 3. Compute the sales level required In both dollars and units to earn $260,000 of target Income for next year with the machine Installed. (Do not round Intermedlate calculations. Round your answers to 2 decimal places. Round "Contrlbutlon margin ratio" to nearest whole percentage)