Required information [The following information applies to the questions displayed below.] Astro Company sold 23,500 units of its only product and reported income of $186,000 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 43% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $157,000. Total units sold and the selling price per unit will not change. 3. Compute the sales level required in both dollars and units to earn $270,000 of target income for next year with the machine installed. (Do not round intermediate calculations. Round your answers to 2 decimal places. Round "Contribution margin ratio" to nearest whole percentage) 1. Compute the break-even point in dollar sales for next year assuming the machine is installed. (Round your answers to 2 decimal places.) 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are \$1,339,500. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)