LUTERLALUPETUS Cawley Company makes three models of tasers. Information on the three products is given below. Stunner Tingler $302.000 153,100 Shocker $498,000 201.800 $200.000 136,200 Sales Variable expenses Contribution margin Flxed expenses Net Income 296,200 148.900 117.184 $31.716 225.716 570,484 63,800 92,400 $(28,600) Fixed expenses consis: of S292.000 of common costs allocated to the three products based on relat ve sales as well as direct fixed expenses unique to each model of 529.000 (Tinleri, 580.300 (Shocker) and 534000 (Stunner. The common costs will be incurred regardless of how many models are produced. The directed expenses would be eliminated that model te phased out James Wat n executive with the company, Feels the stunner line should be discontinued to Increase the contenus net income. Compute current nein.come for Cowley Company 5 (b) Compute net income by product line and in total for Cawley Company if the company discontinues the Stunner product line. (Hi Allocate the $292,000 common costs to the two remaining product lines based on their relative sales.) Tingler Net Income $ Shocker Net Income $ Total Net Income $ c) Should Cawley eliminate the Stunner product line? Why or why not Net income would from tas