Exercise 20-16 Cawley Company makes three models of tasers. Information on the three products is given below Stunner $303,300 $499,400 $201,700 145,600 196,000 141,300 60,400 92,858 $40,296$79,462 $(32,458) Tingler Shocker Sales Variable expenses Contribution margin Fixed expenses Net income 157,700 117,404223,938 303,400 Fixed expenses consist of $291,100 of common costs allocated to the three products based on relative sales, and additional fixed expenses of $29,500 (Tingler), $79,200 (Shocker), and $34,400 (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 current net income for Cawley Company 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 $291,100 common costs to the two remaining product lines based on their relative sales.) (Round answers to the nearest whole dollar, e.g. 5,275.) Tingler Net Income Shocker Net Income Total Net Income