Exercise 20-16 Cawley Company makes three models of tasers. Information on the three products is given below. Tingler Shocker Stunner $304,500 $496,700 $195,700 Sales Variable expenses Contribution margin Fixed expenses Net income 149,600 119,924226,183 92,693 $29,676 $67,217 $(32,193) 293,40060,500 Fixed expenses consist of $294,400 of common costs allocated to the three products based on relative sales, and additional fixed expenses of $30,000 (Tingler), $79,500 (Shocker), and $34,900 (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 $