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The following income statements are provided for two companies operating in the same industry. Revenue Variable costs Contribution margin Fixed costs Net income Felix Company

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The following income statements are provided for two companies operating in the same industry. Revenue Variable costs Contribution margin Fixed costs Net income Felix Company $188,000 (22,560) 165,440 (84,374) $ 81,066 Jinx Company $188,000 (84,374) 103,626 (22,560) $ 81,066 Assuming sales increase by $940, select the correct statement from the following: Felix's net income will be more than Jinx's. O Only Felix will experience an increase in profit. Felix's net income will increase by $250. Jinx's net income will increase by 6%

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