Challenge Exercise 23-02 a-d (Part Level Submission) Safe and Secure, Inc, produces three models of home security systems. Information on the three products is given below: Assurance Sales Variable expenses Contribution margin Fixed expenses Net income $447,600 223,800 223,800 181,000 $42,800 Decoder Burglar Beware $746,000 $303,900 298,400 212.730 447,600 91,170 338,700 143,700 $108,900 (52,530 ) Fixed expenses consist of $443,400 of common costs allocated to the three products based on relative sales, and additional fixed costs of $45,600 (Assurance). $121,200 (Decoder). and $53,200 (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 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. x Your answer is incorrect. By again. Compute current net income for safe and Secure, Inc. (Enter loss using other a negative slon preceding the number 0 2,95 or parentheses (2,945).) 61200 ir If you would like to show Work for this question: One Show Work