Below is the condensed income statement for Jay Tools for the past year:

H E Sales $340,000 ELE Costs: Variable costs $270,000 $1 10,000 Fixed costs 80,000 A),@ Total costs $350,000 ELE Income (loss) EELEH ALE Since product T1 is not giving profit, Jay is considering discontinuing product T1 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 Product T2. What is the amount of change in net income for the current year that will result from the discontinuance of Product T1