Required 1 Required 2 Required 3 Required 4 New equipment has come onto the market that would allow Morton Company to automate a portie expenses would be reduced by $6.00 per unit. However, fixed expenses would increase to a total Prepare two contribution format income statements, one showing present operations and one sho appear if the new equipment is purchased. (Round "Per Unit" to 2 decimal places.) Morton Company Contribution Income Statement Present Proposed Amount Per Unit Amount Per Unit $ 20.00 860,000 $ 602,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income 20.00 0 $ 0.00 258,000 $ 206,400 51,600 GA $ 64,800 14.4 Required 1 Required 2 Required 3 Required 4 New equipment has come onto the market that would allow Morton Company to automate a portie expenses would be reduced by $6.00 per unit. However, fixed expenses would increase to a total Prepare two contribution format income statements, one showing present operations and one sho appear if the new equipment is purchased. (Round "Per Unit" to 2 decimal places.) Morton Company Contribution Income Statement Present Proposed Amount Per Unit Amount Per Unit $ 20.00 860,000 $ 602,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income 20.00 0 $ 0.00 258,000 $ 206,400 51,600 GA $ 64,800 14.4