Exercise 5-15 Sheridan Company reports the following operating results for the month of August: sales $408,000 (units 5,100), variable costs $259,000, and fixed costs $93,000. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 10% with no change in total variable costs or units sold. 2. Reduce variable costs to 55% of sales. Compute the net income to be earned under each alternative. 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