Calculate pro different alter (LO 4 AP 520-9 Uller Company's most recent contribution margin format income statement follows: Total Per Unit Sales (20,000 units) $300,000 $15.00 Less: Variable expenses 180.000 9.00 Contribution margin 120,000 $ 6.00 Less: Fixed expenses 70,000 Profit $ 50,000 Management is considering the following independent action to increase profit: 1. Increase selling price by 15% with no change in total variable costs. 2. Reduce variable costs to 50% of sales. 3. Reduce fixed costs by $20,000. Instructions Calculate the profit to be earned under each alternative. Which action will produce the highest profit