Exercise 22-12 Yams Company reports the following operating results for the month of August: sales $357,000 (units 5,100), variable costs $259,000, and fixed costs $99,000. Management is considering the following independent courses of action to increase net income 1. Increase selling price by 12% with no change in total variable costs or units sold 2. Reduce variable costs to 66% 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 Incme 2. Net Income which course of action will produce the higher net income? Alternative 1