8.Sales revenue (2,000 units * $50 per unit)	$100,000
Cost of goods sold:
Variable (2,000 units * $20 per unit)	(40,000)
Fixed	(9,000)
Gross Margin	51,000
Administrative Salaries	(13,000)
Sales office Depreciation	(4,000)
Sales supplies (2,000 units *$3 per unit)	(6,000)

Net Income $28,000

Using the income statement above, if sales increased by 20%,

(1) What percent will net income increase? (2) How much will the new net income be?