Wellington, Inc. reports the following contribution margin income statement for December. The company has the opportunity to purchase new machinery that will reduce its variable cost per unit by $10 but will increase fixed costs by 20%. WELLINGTON, INC. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (800 units at $225 per unit) $180,000 Variable costs (800 units at $120 per unit) 96,000 Contribution margin 84,000 35,000 $ 49,000 Fixed cost Net income (loss) Prepare a projected contribution margin income statement for Wellington, Inc., assuming it purchases the new equipment. Assume sales level remains unchanged.