Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Hudson Company reports the following contribution margin income statement. Exercise 18-19 (Algo) Evaluating strategies-new machine LO C2 The company 15 considering buying o new mochine thot wit incease its fixed costs by $36,500 per yeor and decreose its variable costs by $9 per unit. Prepore a contribution morgin income stotement for the next yeor assuming the company purchases this: machine. Exercise 18-19 (Algo) Evaluating strategies-new machine LO C2 The company is considering buying a new machine that will increase its fixed costs by $36,500 per year and decrease its vatiable costs by $9 per unit. Prepare a cantibution margin income statement for the next year assuming the company purchases this machine