Wildhorse Farms reports the following results for the month of November: Sales (10,500 units) $661,500 Variable costs 462,000 Contribution margin 199,500 Fixed costs 115,500 Net income $ 84,000 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 66% of sales. 3. Reduce fixed costs by $10,000. Calculate net income for the above courses of action. Course 1. Increase selling price $ Net Income