Required information [The following information applies to the questions displayed below.] Astro Company sold 25,500 units of its only product and reported income of \\( \\$ 277,200 \\) 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 \\( \\$ 148,000 \\). Total units sold and the selling price per unit will not change. 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are \\( \\$ 1,275,000 \\). (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)