Northern Stores is a retailer in the upper Midwest. The most recent monthly income statement for Northern Stores is given below:

Total Store I Store II

Sales $$2,100,000$ $$1,300,000$ $$800,000$

Less variable expenses $1,300,000942,000358,000$

Contribution margin $800,000358,000442,000$

Less traceable fixed expenses $300,000111,000189,000$

Segment margin $500,000247,000253,000$

Less common fixed expenses $500,000250,000250,000$

Net income $($loss$)$ $$0($$$3,000)$ $$3,000$

Northern is considering closing Store I. If Store I closed, one$-$half of its traceable fixed expenses would continue to be incurred. Also, the closing of Store I would result in a $10\%$ decrease in contribution margin in Store II$.$ Northern allocates common fixed expenses based on sales dollars and none of these costs would be saved if a store were shut down.

Required:

Compute the overall increase or decrease in the net income of Northern Stores if Store I closed.