Paddington Company sells three products in its retail stores: teddy bears, baby dolls, and blocks. Results for the year are below:

Teddy Bears Baby Dolls Blocks Total Revenue $35,000 $43,000 $26,000 $104,000 Variable costs 28,000 28,000 16,000 72,000 Fixed costs 8,000 7,000 7,000 22,000 Net income (loss) $ (1,000) $ 8,000 $ 3,000 $ 10,000

Paddington is considering discontinuing the Teddy Bears product. Assuming 50% of the fixed costs could be eliminated with the product, by what amount would total net income increase or decrease* if the Teddy Bears were eliminated?

Provide numerical response only, no comma or dollar sign needed.

*Make sure to use a negative sign if net income would decrease.