QUESTION 3 Refer to the Pennington Products information below. Pennington Products has two product lines: R-100 and R-200. Revenue and cost information for each of the product lines are as follows: Selling price per unit Variable costs per unit R-100 $45 $20 R-200 $75 $35 Traceable fixed expenses $170 000 $380 000 Pennington has common fixed expenses of $300 000 per year. Last year, the company produced and sold 30 000 units of R-100 and 20 000 units of R-200. What is the company's overall net income? $900 000 $1 000 000 C$1 260 000 $700 000