Required information (The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (10,500 units at $225 each) $2,362,500 Variable costs (10,500 units at $180 1,890,000 each) Contribution margin 472,500 Fixed costs 369,000 Pretax income $ 103,500 Assume the company is considering investing in a new machine that will increase its fixed costs by $45,000 per year and decrease its variable costs by $9 per unit. Prepare a forecasted contribution margin income statement for 2020 assuming the company purchases this machine. HUDSON CO. Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 Sales $ 2,362,500 Variable costs 1,795,500 Contribution margin 567,000 Fixed costs 414,000 Income (pretax)/Loss $ 153,000 Should the company purchase the machine? Yes