Vest Industries manufactures 40,000 components per year. The manufacturing cost of the components was determined as follows:Direct materials$ 75,000Direct labor120,000Variable overhead45,000Fixed overhead 60,000Total$300,000An outside supplier has offered to sell the component for $12.75. Fixed cost will remain the same if the component is purchased from an outside supplier.Vest Industries can rent its unused manufacturing facilities for $45,000 if it purchases the component from the outside supplier.What is the effect on income if Vest purchases the component from the outside supplier?