Required information [The following information applies to the questions displayed below.) Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (161366 units at $3?5 each) $ 3,862,566 Variable costs (101366 units at $366 each) 3,696J666 Contribution margin 772J566 Fixed costs 666,666 Income $ 172,566 The company is considering buying a new machine that will increase its fixed costs by $44,000 per year and decrease its variable costs by $10 per unit. Prepare a contribution margin income statement for the next year assuming the company purchases this machine. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Contribution margin Fixed costs Income