! Required information [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 ($50 per unit) $ 1, 375, 000 Variable costs ($45 per unit) 1, 237, 500 Contribution margin 137,500 Fixed costs 70 , 500 Income $ 67,000 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.)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.)