Required information [The following information applies to the questions displayed below.) Hudson Co. reports the contribution margin income statement for 2017. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (11,000 units at $300 each) $3,300,000 Variable costs (11,000 units at 2,640,000 $240 each) Contribution margin $ 660,000 Fixed costs 360,000 Pretax income $ 300,000 Assume the company is considering investing in a new machine that will increase its fixed costs by $38,500 per year and decrease its variable costs by $8 per unit. Prepare a forecasted contribution margin income statement for 2018 assuming the company purchases this machine. HUDSON CO. Forecasted Contribution Margin Income Statement For Year Ended December 31, 2018 Sales Variable costs Contribution margin Fixed costs Income (pretax) Should the company purchase the machine