Exercise 18-15 Yams Company reports the following operating results for the month of August: sales $382,500 (units 5,100), variable costs $253,000, and fixed costs $97,000. Management is considering the following independent courses of action to increase net income. I. Increase selling price by 15% with no change in total variable costs or units sold. 2, Reduce variable costs to 58% of sales. 4 Compute the net income to be earned under each alternative. (Round intermediate calculations to 2 decimal places e.g. 2.25 and final answer to 0 decimal places, e.g. 12,125.) 1. Net Income 2. Net Income $ Which course of action will produce the higher net income? Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: APPLIED SKILLS