Required information [The foilowing information applies to the questions dispiayed below] Astro Company sold 27,500 units of its only product and reported income of $67,000 forthe 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 [$50 per unit} $ 1,375,000 Variable costs ($45 per unit) 1,237,506 Contribution margin 137,596 Fixed costs 70,500 Income $ 67,090 1. Compute the breakeven point in dollar sales for next year assuming the machine is installed. (Round your answers to 2 decimal places.) 1. Compute the breakeven point in dollar sales for next year assuming the machine is installed. (Round your answers to 2 decimal places.) Contribution margin ratio Breakeven point in dollars 0