Required information The following information applies to the questions displayed below) Shown here are condensed income statements for two different companies (assume no Income taxes). Mitter Company Sales $1,000,000 Variable expenses (805) 800,000 Income before interest 200,000 Interest expense (fixed) 60,000 Net income $ 140,000 Weaver Company Sales Variable expenses (604) Income before interest Interest expense (fixed) Net income $ 1,000,000 600,000 400,000 260.000 $ 140,000 5. What happens to each company's net income if sales decrease by 40%? (Round your answers to nearest whole percent.) Company Mler Company Weaver Company Answer is not complete Net Income Decreases by % Decreases by %