Vaughn Company makes three models of phasers. Information on the three products is given below: Fixed costs consist of $293,500 of common costs allocated to the three products based on relative sales, and additional fixed costs of $29,100 (Stunner), $78,100 (Double-Set), and $29,900 (Mega-Power). The common costs will be incurred regardless of how many models are produced. The other fixed costs would be eliminated if a model is discontinued. Joseph Moore, an executive with the company, feels the Mega-Power line should be discontinued to increase the company's net income. Calculate net income by product line and in total for Vaughn Company if the company discontinues the Mega-Power product line. (Hint: Allocate the $293,500 common costs to the two remaining product lines based on their relative sales.)