Clarington Company makes three models of phasers. Information on the three products is given below: Stunner Double Set Mega-Power Sales $298.000 $447.000 $186,250 Variable expenses 146.500 200.000 136,500 Contribution margin 151,500 247.000 49.750 Fixed expenses 125,000 203,500 85.300 Net income $26,500 $43.500 ($35.550) Fixed expenses consist of $280,000 of common costs allocated to the three products based on relative sales, and additional fixed expenses of $30,000 (Stunner), 574,500 (Double-Set), and $29.300 (Mega-Power). The common costs will be incurred regardless of how many models are produced. The other foed openses would be eliminated it a model is discontinued. John Liu, an ececutive with the company, feels the Mega-Power line should be discontinued to increase the company's net income. Calculate current net income for Clarington Company Current net income $ e Textbook and Media Question Part Score --/2 Calculate net income by product line and in total for Clarington Company if the company discontinues the Mega-Power product line. (Hint Allocate the $280,000 common costs to the two remaining product lines based on their relative sales.) Stunner Double-Set Total Net income $ $ $ e Textbook and Media Question Part Score Should Clarington eliminate the Mega-Power product line? Why or why not? Clarington eliminate the Mega-Power product line. Elimination of the line would cause net income to