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 (9,900 units at $225 each) $ 2,227,500 Variable costs (9.900 units at $180 each) 1,782.ee Contribution margin 445,500 Fixed costs 342, eee Inco $ 103,500 The company is considering buying a new machine that will increase its fixed costs by $42,000 per year and decrease its variable costs by $9 per unit. Prepare a contribution margin income statement for the next year assuming the company purchases this machine Check my work For Year Ended December 31 Sales (9.900 units at $225 each) Variable costs (9,9ee units at $180 each) Contribution margin Fixed costs Incone $ 2,227,500 1,782,eea 445,500 342,000 $ 103,500 The company is considering buying a new machine that will increase its fixed costs by $42,000 per year and decrease its variable costs by $9 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 Loss