Problem 213A Break-even analysis, income targeting and strategy C2 A1P2 Astro Co. sol4 20,000 uniss of its only peoduct and feperted income of $25,000 for the current year. During a planning session for next year'\$ activities, the prodoction manager noes that variable costs san be redaced 40% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $241,000. The selling price per unit will not change. Requirved 1. Compule the break-even poim in dollar sales for next year assuming the machies is insallod. 2. Prepare a contribution margin income statement for next year that ibows the expected results with the machine insalled. Assums sales are $1,000,000. 3. Compue the sales level required in boch dollars and units to eam $208,000 of target income for next ycar with the machine inscalled: Cheek (2) Income, 5104,000