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Clarington Company makes three models of phasers. Information on the three products is given below: Stunner Double-Set Mega-Power $188,125 Sales $301.000 $451,500 Variable expenses 154,000 190,500 142.000 Contribution margin 147.000 261,000 46,125 Fixed expenses 117.000 218.900 87.900 Net income $30,000 $42,100 ($41.775 Fixed expenses consist of $290.000 of common costs allocated to the three products based on relative sales, and additional fixed expenses of $29.300 (Stunner), 574,600 (Double-Set), and $29.900 (Mega Power). The common costs will be incurred regardless of how many models are produced. The other fixed expenses would be eliminated if a model discontinued John Llu, an executive with the company, feels the Mega Powerline should be discontinued to increase the company's net income. Fixed expenses consist of $290,000 of common costs allocated to the three products based on relative sales and additional fixed expenses of $29,300 (Stunner). $74,600 (Double Set), and $29.900 (Mega-Power). The common costs will be incurred regardless of how many models are produced. The other fixed expenses would be eliminated if a model is discontinued. John Liu, an executive with the company, feels the Mega-Powerline should be discontinued to increase the company's net income x Your answer is incorrect. Calculate current net income for Clarington Company. Current net income $ 28625 e Textbook and Media mana San o ENG US de o M 2022-02-11 Question Part Score 0/2 X Your answer is incorrect. Calculate net income by product line and in total for Clarington Company if the company discontinues the Mega Power product line. (Hint: Allocate the $290,000 common costs to the two remaining product lines based on their relative sales Stunner Double-Set Total Net income $ 3100 S 10000 13100 e Textbook and Media