Required information The following information applies to the questions displayed below] Astro Company sold 28,000 units of its only product and reported income of $161,000 for the current year, Ouning a planning session for next year's activities, the production manager notes that variable costs can be reduced 40% by instating a machine that automates several operations. To obtain these sovings, the company must increase its annual fixed costs by $143,000. Total units sold and the selling price per unit will not change. 1. Compute the break-even point in dollar sales for next year assuming the machire is installed. (Round your onswers to 2 decimal ploces.) Required informotion (The following information applies fo the questions displayed below) Astro Company sold 28,000 units of its only product and reported income of $161,000 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 40% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $143,000. Totaf units sold and the selling price per unit will not change 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume. sales are $1,568,000. (Do not round intermediote calculotions. Round your onswers to the neorest whole doller.) Required information (The following information apples to the questions displayed below] Astro Company sold 28,000 units of its only product and reported income of 5161,000 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 40% by installing a machine that automates several operations To obtein these savings, the company must increase its anntal fixed costs by $143,000, Total units sold and the seling price per unit will not change 3. Compute the sales level required in both dollars and units to eam $130,000 of target income for next year with the machine installed. (Do not round intermediote colculations. Round your onswers to 2 decimal ploces. Round "Contribution margin retio" to neorest whole percentoge)