Pharoah Company reports the following operating results for the month of August: sales $3320,000 (units 5,000 ); variable costs $2+0.000 : and fixed costs $71,000. Management is considering the following independent courses of action to increase net income Compute the net income to be earned under each alternative. 1. herease unitseiling price by 10% with no change in total variable costs or sales volume. Netincome s 2. Reduce variable costs to 58% of sales: Net income 3. Reduce fixed costs by $23,000. Netincome Which course of action will produce the highest net income