A university student uses incremental analysis in deciding whether to change from an art major to an accounting major. The student spent $1,000 on art supplies for a required art class for the art major. If the student changes majors, the student plans to withdraw from the art class and register for an introductory accounting course. Unfortunately, the art supplies cannot be returned. Questions 1. Is the $1,000 cost for art supplies a relevant factor if the student uses incremental analysis in deciding whether to change to an accounting major? Why or why not? Explain. (6 points) 2. Should the student use incremental analysis in deciding whether to change majors? Why or why not? What are the benefits of using incremental analysis? What are the disadvantages of using incremental analysis in deciding whether to change majors? Explain. (6 points)