Fixed expenses consist of $300,000 of common costs allocated to the three products based on relative sales, as well as direct fixed expenses unique to each model of $29,000 (Tingler), $80,100 ( $ hocker), and $34,400 ( $ tunner). The common costs will be incurred regardless of how many models are produced. The direct fixed expenses would be eliminated if that model is phased out. James Watt, an executive with the company, feels the Stunner line should be discontinued to increase the compary/s net income. (a) Compute current net income for Blossom Compary. Net income (b) Compute net income by product line and in total for Blossom Company if the compary discontinues the Sturner product line, (Hant: Allocate the $300,000 common costs to the two remaining product lines based on their relativesales) Tingler Net incoime Shocker Net Income -Total Net income 5 $ Compute current net income for Blassam Compamy Net income (b) Compute net income by product line and in total for Blossom Company if the company discontinues the Stunner product line. (Hint: Allocate the $300,000 common costs to the two remaining product lines based on their relative sales] Tingler Net income Shocker Net Income Total Net Income (c) Should Blossom eliminate the Stunner product line