Required information Problem 18-3A (Algo) Break-even analysis; income targeting and strategy LO C2, A1, P2 (The following information applies to the questions displayed below.) Astro Company sold 27,500 units of its only product and reported income of $67,000 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $144,000. Total units sold and the selling price per unit will not change, ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (55 per unit) $ 1,375,000 Variable costs ($45 per unit) 1,237,500 Contribution margin 137,5ee Fixed costs 79,500 Income $ 67,eee Problem 18-3A (Algo) Part 2 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,375,000. (Do not round Intermediate calculations. Round your answers to the nearest whole dollar) ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Contribution margin 0 $ 0