Required information [The following information applies to the questions displayed below.) Astro Company sold 24,500 units of its only product and reported income of $210,600 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 41% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $159,000. Total units sold and the selling price per unit will not change. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($59 per unit) $ 1,445,500 Variable costs ($41 per unit) 1,004,500 Contribution margin 441,000 Fixed costs 230,400 Income $ 210,600 1. Compute the break-even point in dollar sales for next year assuming the machine is installed. (Round your answers to 2 decimal places.) Contribution Margin per unit Proposed Contribution Margin Ratio Numerator: Denominator: Contribution Margin Ratio Contribution margin ratio Break-even point in dollar sales with new machine: Numerator: I Denominator: Break-Even Point in Dollars Break-even point in dollars 1 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,445,500. (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 0 $ 0