Concord Company reports the following operating results for the month of February: sales $948,000 (units 15,800); variable costs $459,780; and fixed costs $190.900. Management is considering the following independent courses of action to increase net income. 1 Increase selling price by 2.4% with no change in total variable costs or units sold. 2 Reduce variable costs to 44.70% of sales. Compute the net income to be earned under each alternative. (Round per unit calculations to 2 decimal places, eg 15.25 and final answers to O decimal places, eg 125) Alternative #1 Net Income S Alternative #2 Which course of action will produce the highest net income? will produce the highest net income.