[The following information applies to the questions displayed below.) Astro Co. sold 20,700 units of its only product and incurred a $83,778 loss (ignoring taxes) for the current year, as shown here. During a planning session for year 2020'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 $157,000. The maximum output capacity of the company is 40,000 units per year. Sales ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31, 2019 $ 790,740 Variable costs 553, 518 Contribution margin 237, 222 Fixed costs 321,000 Net loss $ (83,778) Problem 21.4A Part 3 29 142707284_13813.09 142192852 7080199 142707284_13815.pg 142192852_70801.jpg search 1 L - PSC SES FE to $ 4 % 5 & 7 2 3 6 8 9 0 w E R T T Y U S F G J K j V B N. M . V. V Alt Alt Ciri 3. Prepare a forecasted contribution margin income statement for 2020 that shows the expected results with the machine installed. Assume that the unit selling price and the number of units sold will not change, and no income taxes will be due. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) ASTRO COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 1 ences Contribution margin C 33_15304199 142707284_13013...) 142192852_70801.jpg 142707281115813.jpg 142193953_70801.... Type here to search L> M CH PE F10 PXEC re $ % 5 2 3 4 > 0 6 7 8 9 Q W E R T Y U o P A . S D F G H J K L 1 Z V B N M ? vn Alt Alt Ctrl