Xiong Company sells a single product at $230 per unit. The most recent income statement revealed unit sales of 3,900, variable costs per unit of $64, and fixed costs of $310,000. Management believes that a 20% drop in selling price will boost sales by 20%. If this reduction in selling price is implemented, Multiple Choice Operating income will increase by $85,800. Operating income will decrease by $179,400. Operating income will decrease by $85,800. Operating income will increase by $93,600. Operating income will decrease by $273,000