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E19-3 Compute net income under different alternatives Barnes Company reports the following operating results for the month of August: sales $325,000 (units 5,000); variable costs S210,000; and fixed costs $75,000. Management is considering the following independent courses of action to increase net income. T. Increase selling price by 10% with no change in total variable costs or sales volume. 2. Reduce variable costs to 58% of sales. 3. Reduce fixed costs by $15,000 Instructions Compute the net income to be earned under each alternative. Which course of action will produce the highest net income? NOTE: Enter a number in cells requesting a value enter either a number or a formula in cells with a "7