ATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 7-16 Your answer is partially correct. Try again. Cawley Company makes three models of tasers. Information on the three products is given below. Sales Variable expenses Contribution margin Fixed expenses Net income Tingler Shocker Stunner 304,800 $501,100 $199,000 51,000 207,800 138,000 153,800 123,230 232,437 95,733 $30,570 $60,863 $(34,733) 293,300 61,000 Fixed expenses consist of $307,700 of common costs allocated to the three products based on relative sales, and additional fixed expenses of produced. The other fixed expenses would be eliminated if a model is phased out. James Watt, an executive with the company, feels the Stunner line should be discontinued to increase the company's net income. (Tingler), $79,000 (Shocker), and $34,800 (Stunner). The common costs will be incurred regardless of how many models are Compute current net income for Cawley Company. Net income s 56700