Required information Use the following information for the Exercises below. The followiing information applies to the questions displayed below Hudson Co. reports the contribution margin income statement for 2017. HUDSON CO. Contribution Margin Income Statement For Year Ended Decemberr 31, 2017 Sales (10,200 units at $225 each) Variable costs (10,200 units at $180 each) Contribution margin $2,295,000 1,836,000 459,000 360,000 Fixed costs Pretax income 99,000 Exercise 18-18 Evaluating strategies LO C2 Assume the company is considering investing in a new machine that will increase its fixed costs by $43,500 per year and decrease its varlable costs by $9 per unit. Prepare a forecasted contribution margin income statement for 2018 assuming the company purchases this machine. HUDSON CO Forecasted Contribution Margin Income Statement For Year Ended December 31, 2018 Sales Variable costs Contribution margin Fixed costs Income (pretax) Should the company purchase the machine? 1221 PM d