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The condensed income statement for a Turntable Inc for the past year is as follows: Product F G H Total Sales $300,000 $210,000 $340,000 $850,000

The condensed income statement for a Turntable Inc for the past year is as follows:

Product
F G H Total
Sales $300,000 $210,000 $340,000 $850,000
Costs:
Variable costs $180,000 $180,000 $220,000 $590,000
Fixed costs 50,000 50,000 40,000 140,000
Total costs $230,000 $230,000 $260,000 $730,000
Income (loss) $ 70,000 $(20,000) $ 80,000 $120,000

Management is considering the discontinuance of the manufacture and sale of Product G at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products F and H. What is the amount of change in net income for the current year that will result from the discontinuance of Product G?

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