Ivanhoe Farms reports the following results for the month of November Sales (11,400 units) $706,800 Variable costs 490,200 Contribution margin 216,600 Fixed costs 125.400 Net income $ 91,200 Management is considering the following independent courses of action to increase ne 1 Increase selling price by 5% with no change in total variable costs. 2 Reduce variable costs to 661% of sales. 3. Reduce fixed costs by $10,000. Calculate net income for the above courses of action. Course Net Income 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