How would I compute net income?

Safe and Secure, Inc. produces three models of home security systems. Information on the three products is given below: Assurance Decoder Burglar Beware Sales $444,900 $741,500 $297,600 Variable expenses 222,450 296,600 208,320 Contribution margin 222,450 444,900 89,280 Fixed expenses 177,100 346,100 143,700 Net income $45,350 $98,800 $(54,420 ) Fixed expenses consist of $448,800 of common costs allocated to the three products based on relative sales, and additional fixed costs of $45,000 (Assurance), $121,700 (Decoder), and $51,400 (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. (a) Your answer is correct. Compute current net income for Safe and Secure, Inc. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Net income $ 89730Compute net income by product line and in total for Safe and Secure, Incl, if the company discontinues the Burglar Beware product line. (Hint: Allocate the $448,800 common costs to the two remaining product lines based on their relative sales.) (Enter loss using either a negative sign preceding the number 6.3. -2. 945 or parentheses e3. (2. 945).) Assurance Decoder Company Total Net income 5 $ $ eTextbook and Media