Oriole, Inc. reports the following operating results for August: Sales $513,000 (units 5,700); variable costs $307,800; and fixed costs $131,100. Management is considering the following independent courses of action to increase net income. 1. Increase the selling price by 10%. 2. Reduce variable costs to 55% of sales. 3. Reduce fixed costs by $22,000. Compute the net income to be earned under each alternative. 1. Increase selling price 2. Reduce variable costs $ 3. Reduce fixed costs $ Net Income