Required information Skip to question [The following information applies to the questions displayed below.] Astro Company sold 29,500 units of its only product and reported income of $234,000 for the current year. During a planning session for next years 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 $180,000. Total units sold and the selling price per unit will not change. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($60 per unit) $ 1,770,000 Variable costs ($48 per unit) 1,416,000 Contribution margin 354,000 Fixed costs 120,000 Income $ 234,000 1. Compute the break-even point in dollar sales for next year assuming the machine is installed. (Round your answers to 2 decimal places.)