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 Tor Year Ended December 31 Sales (10,100 units at $300 each) 5 3,030,000 Variable costs (10,100 units at $240 each 2,420,000 Contribution margin 606,000 Fixed costs 460 000 Income $ 130,000 The marketing manager believes that increasing advertising costs by $101,000 will increase the company's sales volume to 11,500 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 Variable costs Contribution margin Fixed costs Income Loss $ 0 0