Question 7 --12 View Policies Current Attempt in Progress Bridgeport Company reports the following operating results for the month of August: sales $369,600 (units 4,800), variable costs $254,000, and fixed costs $94,000. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 12% with no change in total variable costs or units sold. 2. Reduce variable costs to 58% 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 o decimal places, e.g. 12,125.) 1. Net Income $ 2. Net Income $ Which course of action will produce the higher net income? Alternative 16 eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answ Assignment sent to Gradebook. Your grade is being recorded. Mon Jun 8, 2020, 8:57:16 PM (America/Denver -06:00)