Henderson Farms reports the following results for the month of November: Sales (10,000 units) Variable costs Contribution margin Fixed costs Net income $600,000 420,000 180,000 110.000 $ 70,000 Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 5% with no change in total variable costs. 2 Reduce variable costs to 662-% of sales. 3. Reduce fixed costs by $10,000. Calculate net income for the above courses of action. Net Income Course 1. Increase selling price $ 2. Reduce variable cost $ $ 3. Reduce fixed cost If maximizing net income is the objective, which is the best course of action? Best course of action is