Kimmel Accounting, 6e FINANCIAL & MANAGERIAL CACC ian! Exercise 20-16 Cawley Company makes three models oftaners. Information on he three products is given below Tingler Shacker Stunner 202,000 Varlable expenses 155,000 191,900 35,700 Contrbution magin 141,100 312,80066,300 16,22 227,69 3,303 24872 985,531 9027,003 296 100 504700 $ (Sthunner). The common costs wil be incurred regandless of how many models are produced. The other fxed expenses wud be eiminated a wat, an esecutive with the company feels the Stunner line should be discontinued to increase the company's net income Compute cument net income for Cawley Company Compute net ines based on their relative saes)(Round answers te the mearest whole delan, .g.$,275. income by product line and in total for Cawley Company f the compary osconcnues the unner product line tt Alocate the 294,400 common cots to the teo remaning prod Tingler Net Income 3 5 6 8 0