Exercise 18-15 Yams Company reports the following operating results for the month of August: sales $365,000 (units 5,000), variable costs $247,000, and fixed costs $99,000. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 11% with no change in total variable costs or units sold. 2. Reduce variable costs to 63% of sales. 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? Open Show Work Click if you would like to Show Work for this