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Can you please show me the step-by-step process to solve this problem?

Washington Hardwoods produces multiple products from a shared production process, including wood shavings and wood veneer. Up to the split-off point for these 2 products, the joint costs associated with their shared processes total $16 million per year. Wood shavings can be sold for $9 million in annual revenue, and wood veneer can be sold for $30 million in annual revenue. Wood shavings can be processed further into pellets at a cost of $10 million, which can then be sold for $25 million. Wood veneer can be processed further into paneling at a cost of $11 million, which can then be sold for $39 million. 1. The amount by which operating income will increase if wood shavings are processed further into wood pellets is $ million. 2. The amount by which operating income will decrease if wood veneer is processed further into paneling is $ million.