Use the following information for the Exercises below. [The following information applies to the questions displayed below) Hudson Co, reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Incone Statenent For Year Ended December 31, 2019 Sales (10,300 units at $375 each) $3.862,500 Variable costs (10,300 units at $300 each) 3,090,000 Contribution margin 772,500 Fixed costs 600.000 Pretax incon 172,500 03 Exercise 18-18 Evaluating strategies LO C2 Assume the company is considering investing in a new machine that will increase its fixed costs by $44,000 per year and decrease its Variable costs by $10 per unit. Prepare a forecasted contribution margin income statement for 2020 assuming the company purchases this machine HUDSON CO Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 $ 3862 500 Wirable costs 109,000 Contribution margin 2.750 500 Fedot 344.000 Income was 5 2.115.500 Should the company purchase the machine Yes