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. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($50 per unit) Variable costs ($32 per unit) Contribution margin Fixed costs Income $ 1,275,000 816,000 459,000 181,800 $ 277,200 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.) ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Contribution margin