Barnes Company reports the following operating results for the month of August: sales $325,000 (units 5,000); variable costs $212,000; and fixed costs $70, 400. Management is considering the following independent courses of action to increase net income. Compute the net income to be earned under each alternative. Increase selling price by 10% with no change in total variable costs or sales volume. Reduce variable costs to 60% of sales. Reduce fixed costs by $18,000. Which course of action will produce the highest net income