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 (9,6ee units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed costs $ 2,160, eee 1,728, eee 432, eee 324,80 $ 108,080 Income The marketing manager believes that increasing advertising costs by $81,000 will increase the company's sales volume to 11,000 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 $ 3,180,000 Variable costs 432,000 Contribution margin 2.748,000 Fixed costs 525,500 Income/Loss $ 2,222,500