Crane Company reports the following operating results for the month of August: sales 5392.000 (units 4.900), variable costs $254.000, and fed costs 591.000. Management is considering the follo of action to increase net income. 1. Increase selling price by 15% with no change in total variable costs or units sold. 2. Reduce variable costs to 68% of sales. Compute the net income to be earned under each alternative 1. Net Income $ Net Income 5