Omega Company has sales of $330,000 and cost of goods sold of $215,000. The cost of goods sold is a variable cost. The Company incurred $23,000 of fixed operating expenses and $43,000 of variable operating expenses. Based on this information a(n) 12% increase in revenue will produce a Note: Round your intermediate calculations to 2 decimal places and final answer to one decimal place.

Multiple Choice

24.5% change in net income.

12.3% change in net income.

18.0% change in net income.

13.7% change in net income.