Barnes Company reports the following operating results for the month of August: sales $320,000 (units 5,000); variable costs $216,000; and fixed costs $70,500. Management is considering the following independent courses of action to increase net income. Compute the net income to be earned under each alternative. 1. Increase selling price by 10% with no change in total variable costs or sales volume. $enter the net income that will be earned under the first Alternative 2. Reduce variable costs to 56% of sales. $enter the net income that will be earned under the second Alternative 3. Reduce fixed costs by $22,000. $enter the net income that will be earned under the third Alternative