Cawley Company malons three models of tasers. Information on the three products is given below. Tingler Shocker Stunner Sales $306,000 $494,000 $200,000 Variable expenses 154.900 203,300 135,200 151.100 290,700 64,800 Contribution margin Fixed expenses 119.964 224,736 93,700 Net income $31,136 $65,964 $128,900) Fixed expenses consist of $294,000 of common costs allocated to the three products based on relative sales, as well as direct found expenses unique to each model of $30,000 (Tingler),579,500 (Shocker), and $34,900 (Stunner). The common costs will be incurred regardless of how many models are produced. The direct foed expenses would be eliminated if that 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. (a) Compute current net income for Cawley Company. Net income $ (b) Compute net income by product line and in total for Cawley Company if the company discontinues the Stunner product line. (Hint: Allocate the $294.000 common costs to the two remaining product lines based on their relative sales.) Tingler Net Income $ Shocker Net Income $ Total Net Income $ (c) Should Cawley eliminate the Stunner product line? Nov Why or why not? Net income would decrease from $ to $ e Textbook and Media