Answer the following three questions using the information b…

Answer the following three questions using the information below: Ossmann Enterprises reports year-end information from 20X4 as follows:Sales (80,000 units) $480,000Cost of goods sold 320,000Gross margin 160,000Operating expenses 130,000Operating income $ 30,000Ossmann is developing the 20X5 budget. In 20X5 the company would like to increase selling prices by 8%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost.Should Ossmann increase the selling price in 20X5?