1. In the current year, Asahi Inc reported net income of $53,200, which was a 12% increase over prior year net income. What is prior year net income? 2. An industry average increase in sales is expected for a 15% this year (last year to this year's increases). If a company is expected to increase sales 15% and the last year's sales was $250,000. What is expected sale for this year?

1. In the current year, Asahi Inc reported net income of $53,200, which was a 12% increase over prior year net income. What is prior year net income? 2. An industry average increase in sales is expected for a15% this year (last year to this year's increases). If a company is expected to increase sales 15% and the last year's sales was $250,000. What is expected sale for this year?