Exercise 6-3 (Video) Barnes Company reports the following operating results for the month of August: sales $310,000 (units 5,000); variable costs $214,000; and foxed costs $71,000. Managerment is considering the following independent courses of action to increase net income. Compute the net income to be earned under each alternative. 1. Increase selling price by 10% with no change in total variable costs or sales volume. Net income s 2. Reduce variable costs to 57% of sales. Net income 3. Reduce fixed costs by $24,000, Net income Which course of action will produce the highest net income? Click if you would like to Show Work for this question On Show.Work LINK TO TEX