2 (9 points) A The management accountant for Tony's Skateboard Company has prepared the following cost report for each of its three product lines Jammer Cruise Flight Total Sales $400,000 $250,000 $350,000 $1,000,000 Variable expenses 260 000 150 000 190 000 600 000 Other costs 20,000 30.000 20,000 70,000 Allocated avoidable costs 30,000 30,000 20,000 80,000 Allocated corporate costs 50,000 50,000 50 000 150 000 I Prepare the segmented income statement for each of the three product lines II Do you recommend dropping the Cruise product line? Why or why not? B Financial data for Among Us Company for last year appear below Among Us Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $50,000 $70 000 Accounts receivable 20.000 25.000 Inventory 30,000 35.000 Plant and equipment (net) 120.000 110.000 Investment in Cedar Company 80.000 100,000 Land (underdeveloped) 120 000 170 089 $4.70 000 $510.000 Total assets