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Astro Company sold 23,000 units of its only product and reported income of $264,600 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 44% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $156,000. Total units sold and the selling price per unit will not change. Compute the sales level required in both dollars and units to earn $260,000 of target income for next year with the machine talled. (Do not round intermediate calculations. Round your answers to 2 decimal places. Round "Contribution margin ratio" arest whole percentage) 1. Compute the break-even point in dollar sales for next year assuming the machine is installed. (Round your answers to 2 places.) 3. Compute the sales level required in both dollars and units to earn $260,000 of target income for next year with the machine installed. (Do not round intermediate calculations. Round your answers to 2 decimal places. Round "Contribution margin ratio" to nearest whole percentage) 2. Prepare a contribution margin income statement for next year that shows the sales are $1,288,000. (Do not round intermediate calculations. Round your an Answer is complete and correct

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