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 (11,600 units at $225 each) $ 2,610,080 Variable costs (11,600 units at $180 each) 2,088,000 Contribution margin 522,800 Fixed costs 315,000 Income $207,000 The marketing manager believes that hcreasing advertising costs by $165,000 will increase the company's sales volume to 13,000 units. Prepare a contribution margin income statement for the next year assuming the company incurs the additional advertising costs. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales S 2,610,000 Variable costs 1,995,200 Contribution margin 614,800 Fixed costs (350,500) Incomo/Loss 264,300 et conse were in care formation incorrected 8