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 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 activities, the production manager notes that variable 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. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($56 per unit) Variable costs ($35 per unit) Contribution margin Fixed costs Income $ 1,288,000 805,000 483,000 218,400 $ 264,600 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 $1,288,000. (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