11 Questions 10 and 11 refer to the following: The following contribution-format income statement is available for Johnson Co.: Sales Variable Costs $560,000 (140,000) Contribution Margin 420,000 Fixed Costs Net Income (367,500) $ 52,500 Johnson is considering raising the selling price of its product by 10%. The higher selling price is expected to cause a 10% decrease in sales volume. What would be the increase or decrease in net income if both of these changes occur? a. Net income would be unchanged. b. Decrease of $5,600 c. Decrease of $4,200 d. Increase of $8,400