Yams Company reports the following operating results for the month of August: sales $350,400 (units 4,800), variable costs $251,000, and fixed costs $96,000. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 14% with no change in total variable costs or units sold. 2. Reduce variable costs to 67% of sales. Compute the net income to be earned under each alternative. (Round intermediate calculations to 2 decimal places e.g. 2.25 and final answer to 0 decimal places, e.g. 12,125.) 1. Net Income $ 2. Net Income $ Which course of action will produce the higher net income? Click if you would like to Show Work for this question: