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Blossom, Inc. produces three models of home security systems. Information on the three products is given below: Sales Variable expenses Contribution margin Fixed expenses Net

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Blossom, Inc. produces three models of home security systems. Information on the three products is given below: Sales Variable expenses Contribution margin Fixed expenses Net income Assurance $442,200 221,100 221.100 180,500 $40,600 Decoder $737,000 294,800 442.200 344,000 $98,200 Burglar Beware $302,400 211,680 90,720 144,000 $(53,280) Fixed expenses consist of $450,800 of common costs allocated to the three products based on relative sales, and additional fixed costs of $45,500 (Assurance) $120,200 (Decoder), and $52,000 (Burglar Beware). The common costs will be incurred regardless of how many models are produced. The other fixed expenses would be eliminated if a model is phased out. Matt Dillon, an executive with the company with extensive law enforcement background, feels that the Burglar Beware line should be discontinued to increase the company's net income. Compute current net income for Blossom, Inc. (Enter loss using either a negative sign preceding the number eg.-2,945 or parentheses e.g. (2,945).) Net income

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