Pharoah Company malcs three models of tasers. Information on the thres products is given below. Fixad expenses consist of $306,000 of comman costs allocated to the three products based on relative sales, as well as diract fixed expenses unique to each model of $29,000 (Tingler), $90,600 [Shockar), and $35,000 (Stunner). The common costs will be incurred ragardless of haw many modals are produced. The direst fixed expenses would be el iminatad if that modal is phased out. James Watt, an exacutive with the company, fesls the Stunner line should be discontinued to increase the company's net income. (a) Compute current nat income for Pharoah Company- Nat income $ (b) Compute net income by product line and in total for Pharoah Company if the company discontinues the Stunner product line. (Hint: Allocate the $306,000 common costs to the two ramaining product lines besed an their relativesales.) (c) Should Pharoah eliminate the Stunner product line? Why ar why not? Net income would from s to $