Required Informetion [The following information applies to the questions displayed below.] Astro Company sold 29,000 units of its only product and reported income of $37,800 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $141,000. 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 $110,000 of target income for next year with the machine nstalled. (Do not round Intermedlate calculations. Round your answers to 2 declmal places. Round "Contributlon margiln ratio" to hearest whole percentege) Required Information [The following information applies to the questions displayed below.] Astro Company sold 29,000 units of its only product and reported income of $37,800 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $141,000. 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 machine is installed. (Round your answers to 2 declmol pleces.) Required Information [The following information applies to the questions displayed below.] Astro Company sold 29,000 units of its only product and reported income of $37,800 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $141,000. Total units sold and the selling price per unit will not change. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume les are $1,450,000. (Do not round Intermedlate colculatlons. Round your onswers to the nearest whole dollar.)