Barnes Company reports the following operating results for the month of August: sales $315,000 (units 5,000); variable costs $216,000; and fixed costs $70, 800. 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. Net income Reduce variable costs to 57% of sales. Net income Reduce fixed costs by $25,000. Net income Which course of action will produce the highest net income