If Ed’s annual salary is $360,000 what is Rick’s annual salary?

(1) The sum of Rick’s annual salary and Jim’s annual salary is equal to Ed’s annual salary.

(2) The sum of Rick’s annual salary and Ed’s annual salary is equal to twice Jim’s annual salary.

Statement 1 ALONE is sufficient to answer the question, but statement 2 alone is NOT sufficient.Statement 2 ALONE is sufficient to answer the question, but statement 1 alone is NOT sufficient.BOTH statements 1 and 2 TOGETHER are sufficient to answer the question, but NEITHER statement ALONE is sufficient.Each statement ALONE is sufficient to answer the question.Statement 1 and 2 TOGETHER are NOT sufficient to answer the question.