Cullumber Company enakes three models of taners. information on the three products is siven below Fixed expenses consist of $294,000 of comemon costs allocated to the three products based on relative sales, as well as direct fard expenses unlque to exch model ot $30,000 (tingler) $79,500 (Shockerh and $34,900 (Stunver). The common costs will be incurred reeardless of how mamy models are produced. The direct fixed expenses would be eliminated if that model is phased out. James Watt, an executive with the compawi feels the 5 tunner line should be discontinued to increase the companys net income. (a) Compute current net income for Cullumber Company Net income (b) Compute net income by product line and in total for Cullumber Company it the company discontinues the Stunner product ine- (Hint Allocate the 5294,000 common costs to the two remainin s product lines bised on thelr relative sales) Tingler Net income 5 Shocker Net incame 3 Total Net income (c) Should Cullumber eliminate the Stunner product line