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Sheridan and Secure, Inc produces three models of home security systems, Information on the three products is given below: Fixed expenses consist of $448,000 of

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Sheridan and Secure, Inc produces three models of home security systems, Information on the three products is given below: Fixed expenses consist of $448,000 of common costs allocated to the three products based on relative sales, and additional fixed costs of $45,600 (Assurance), $121,200 (Decoder), and $53,600 (Burglar Beware). The common costs will be incurred regardiess of how many models are produced. The other fored expenses would be eliminated if a model is phased out. Fixed expenses consist of $448,000 of common costs allocated to the three products based on relative sales, and additional fixed costs of $45,600 (Assurance), $121,200 (Decoder), and $53,600 (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) Compute current net income for Sheridan and Secure, Inc (Enter loss using either a nesative sign preceding the number es. -2,945 or parentheses eg (2,945)) Net income

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