Sheridan and Secure, Inc. produces three models of home security systems. Information on the three products is given below: Assurance Decoder Burglar Beware Sales $453,300 $755,500 $294,700 Variable expenses 226,650 302,200 206,290 Contribution margin 226,650 453,300 88,410 Fixed expenses 177,300 342,400 143,800 Net income $49,350 $110,900 $(55,390) Fixed expenses consist of $442,800 of common costs allocated to the three products based on relative sales, and additional fixed costs of $45,800 (Assurance), $122,100 (Decoder), and $52,800 (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. Assume instead that fixed expenses consist of $137,090 of common costs allocated to the three products equally, and additional fixed costs of $129,300 (Assurance), $298,500 (Decoder), and $98,610 (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. Compute net income by product line and in total for Sheridan and Secure, Inc., if the company discontinues Burglar Beware product line. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Assurance Decoder Company Total Net income $ ta Should Sheridan and Secure, Inc., eliminate the Burglar Beware product line? Why or why not? the total net income for the company is v when the Burglar Beware product line is included