Blossom Company reports the following operating results for the month of August sales $350.000 (units 5.000) variable costs $247,000, and fixed costs $99.000. Management is considering the following independent courses of action to increase net income. 1 Increase selling price by 10% with no change in total variable costs or units sold. Reduce variable costs to 63% 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. and Media