Safe and Secure. 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 $441,000 220.500 220,500 178,900 $41.600 Decoder $735,000 294.000 441.000 344.900 $96,100 Burglar Beware $301.900 211,330 90,570 143.300 $(52,730) Fixed expenses consist of $449,400 of common costs allocated to the three products based on relative sales, and additional fixed costs of $44.400 (Assurance), $121,400 (Decoder), and $51,900 (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 eg.-2,945 or parentheses e.g. (2.945)) 84.970 Net income (b) Compute net income by product line and in total for Safe and Secure, Inc., if the company discontinues the Burglar Beware product line. (Hint: Allocate the $449.400 common costs to the two remaining product lines based on their relative sales.) (Enter loss using either a negative sign preceding the number eg.-2,945 or parentheses eg. (2,945).) Assurance Decoder Company Total Net income $ eTextbook and Media Assistance Used