I need help with the income statement, I'm not sure if everything on the left column is correct, so please change it if I'm wrong

Question 2, if able to assist me, thank you!

This option is (recommend or not recommended) as it (decreases or increases) long term.

The following information is available for Teal Mountain Company. TEAL MOUNTAIN COMPANY Income Statement (Partial) For the Month Ended December 31, 2022 Sales Rew Cost of Goods Sold Finished Goods lnventory, Jan. 1 Cost of Goods Manufactured Cost of Goods Available for Sale tess v: Finished Goods imventory, Dec.31 Cost of Goods Sold Gross Profit Coronado Company reports the following operating results for the month of February: sales $828,000 (units 13,800 ): variable costs: $442,980; and fixed costs $182,300. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 2.7 with no change in total variable costs or units sold. 2. Reduce variable costs to 50.30% of sales. (a) Your answer is correct. Compute the net income to be earned under each alternative. (Round per unit calculations to 2 decimal ploces, es. 15.25 and final answers to 0 decimal pleces, eg. 125. Coronado's management is looking at longer term solutions to improve net income. One of the options it has reviewed will increase fixed expenses by $29,700 while reducing variable expenses by $2.00 per unit. Management feels that with these changes, the price of the product could be reduced by $1.00 per unit. The decrease in price will then result in an increase in unit sales of 5%. Compute the net income to be earned under this alternative. Do you recommend this option? Why or why not? (Round per unit calculations to 2 decimal places, eg. 15.25 and final answers to 0 decimal places, e.g. 125.) Net Income This option is Long term