Stuart Company currently produces and sells 8,200 units annually of a product that has a variable cost of $12 per unit and annual fixed costs of $340,000. The company currently earns a $70,000 annual profit. Assume that Stuart has the opportunity to invest in new labor-saving production equipment that will enable the company to reduce variable costs to $10 per unit. The investment would cause fixed costs to increase by $9,900 because of additional depreciation cost Required a. Use the equation method to determine the sales price per unit under existing conditions (current equipment is used). b. Prepare a contribution margin income statement, assuming that Stuart invests in the new production equipment Complete this question by entering your answers in the tabs below. Required A Required B Prepare a contribution margin income statement, assuming that Charm Complete this question by entering your answers in the tabs below. Required A Required B Prepare a contribution margin income statement, assuming that Stuart invests in the new production equipment. STUART COMPANY Contribution margin Income statement Sales $ 508,400 Nariable costs 82,000 Contribution margin Fixed costs Net income