Required Information Problem 5-4A Break-even analysls; Income targeting and forecesting LO C2, P2, A1 The following Information applies to the questions displayed below Astro Co. sold 20,800 unlts of its only product and Incurred a $56,672 loss (Ignoring taxes) for the current year as shown here. Durlng a planning sesslon for year 2018's activtles, the production manager notes that varlable costs can be reduced 50% by installing a machine that automates several operations. To obtain theGe savings, the company must Increase Its annual fixed costs by $158,000. The maximum output capacity of the company Is 40,000 unlts per year. ASTRO COMPANY Contribution Margin Income Statement For Year Ended Decenber 31, 2817 Sales Variable costs Contribution nargin Fixed costs Net loss $ 796,648 637,312 159,328 216,899 S (56,672) Problem 5.4A Part 3 3. Prepare a forecasted contribution margin Income statement for 2018 that shows the expected results with the machlne Installed. Assume that the unlt selling price and the number of units sold will not change, and no Income taxes will be due. (Do not round Intermediate calculations. Round your answers to the nearest whole dollar.) Forecasted Contribution Margin Income Statement For Year Ended December 31, 2018 Contribution margin