4. Yams Company reports the following operating results for the month of August: sales $600,000 (units 6,000), variable costs $380,000, and fixed costs $160,000. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 15% with no change in total variable costs or units sold. 2. Reduce variable costs to 60% of sales. Instructions Compute the net income to be earned under alternative 1. Compute the net income to be earned under alternative 2