Blossom Farms reports the following results for the month of November: Sales ( 10,800 units) $ 680,400 Variable costs 475,200 Contribution margin 205,200 Fixed costs 118,800 Net income $ 86,400 Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 5% with no change in total variable costs. 2. Reduce variable costs to 66 /% of sales. 3. Reduce fixed costs by $ 10,000. Calculate net income for the above courses of action. Course Net Income 1. Increase selling price $ enter a dollar amount 2. Reduce variable cost $ enter a dollar amount 3. Reduce fixed cost $ enter a dollar amount If maximizing net income is the objective, which is the best course of action? Best course of action is select an option