Current Attempt in Progress Wildhorse, Inc. reports the following operating results for August: Sales $440,000 (units 5,500); variable costs $264,000; and fixed costs $99,000. 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 $20,000. Compute the net income to be earned under each alternative. Net Income 1. Increase selling price $ 2. Reduce variable costs $ 3. Reduce fixed costs $