Blossom Company reports the following operating results for the month of August: sales $384,000 (units 4,800), variable costs $251,000, and fixed costs $96,000. 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. Reduce variable costs to 67% of sales. 2. Compute the net income to be earned under each alternative. 1. Net Income $ 2. Net Income $ Which course of action will produce the higher net income Alternative 1 Alternative2 e Textbook and Media