Please answer Question 1) and Question 2). I need to see detailed steps for both questions so I can see how you get the solution to both questions. Again, please answer both questions, which are question 1 and question 2.

1) Holger Incorporated, which produces and sells a single product, has provided the following data:

Sales 2,000 units Selling price $60 per unit Variable expense $40 per unit Fixed expense $20,000

If the sales volume decreases by 25% and the variable expense per unit increases by 15%, net income is expected to:

A) decrease by $19,000

B) decrease by $1,000

C) increase by $1,750

D) decrease by $15,000

2) Holger Incorporated, which produces and sells a single product, has provided the following data:

Sales 2,000 units Selling price $60 per unit Variable expense $40 per unit Fixed expense $20,000

If the selling price increases by 10%, sales volume decreases by 5%, and the fixed expenses increase by 20%, net income will be:

A) $5,400

B) $21,400

C) $24,000

D) $25,400