Cawley company makes three models of tasers. information on the three products is given below. tingler shocker stunner sales $340,000 $460,000 $200,000 variable expenses 190,000 190,000 135,000 contribution margin 150,000 270,000 65,000 fixed expenses 128,600 203,400 88,000 net income $21,400 $66,600 $(23,000) fixed expenses consist of $290,000 of common costs allocated to the three products based on relative sales, and additional fixed expenses of $30,000 (tingler), $70,000 (shocker), and $30,000 (stunner). the common costs will be incurred regardless of how many models are produced. the other fixed expenses would be eliminated if a model is phased out. james watt, an executive with the company, feels the stunner line should be discontinued to increase the company’s net income. compute net income by product line and in total for cawley company if the company discontinues the stunner product line. (hint: allocate the $290,000 common costs to the two remaining product lines based on their relative sales.)