Current Attempt in Progress Clarington Company makes three models of phasers. Information on the three products is given below Stunner Double-Set Mega-Power Sales $299,000 $448,500 $186,875 Variable expenses 146,500 195,500 143.500 Contribution margin 152.500 253,000 43.375 Fixed expenses 115,500 219.700 87,700 Net income $37,000 $33,300 ($44.325 Fixed expenses consist of $288,500 of common costs allocated to the three products based on relative sales, and additional fixed expenses of $29.100 (Stunner), $75,300 (Double-Set). and $30,000 (Mega-Power). The common costs will be incurred regardless of how many models are produced. The other fixed expenses would be eliminated if a model is discontinued. John Liu, an executive 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 $ eTextbook and Media Question Part Score -12 Calculate net income by product line and in total for Clarington Company if the company discontinues the Mega-Power product line. (Hint Allocate the $288,500 common costs to the two remaining product lines based on their relative sales.) Stunner Double-Set Total Net income $ $ $ eTextbook and Media Question Part Score -16 Should Clarington eliminate the Mega-Power product line? Why or why not? Clarington V eliminate the Mega-Power product line. Elimination of the line would cause net income to