X Company annually produces 300 units of a component with the following unit costs to produce that component. $420 110 Direct materials Direct Labor Variable manufacturing overhead Fixed manufacturing overhead Total unit cost 90 60 $680 A supplier has offered to provide the component to X Company for $640 per unit. Total annual fixed costs of the company would not change if the component is purchased. If X Company buys the component rather than making it, by what amount would the company's annual net income increase or decrease? Do not enter $ signs or commas. If it is a decrease use a negative sign. For example, enter a $10,000 increase as 10000. Enter a $10,000 decrease as a -10000