3 part question please help

The Regal Cycle Company manufactures thiree types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow. Dirt Mountain Racing Total Bikes Bikes Bikes Sales $930,000 $262,00 $ 409,eee $ 259,000 Variable manufacturing and selling 478,000 expenses 118,000 284,00 156,000 Contribution margin 452,600 144,000 205,000 183, see Fixed expensesi Advertising, traceable 69,800 8,800 40,400 20,600 Depreciation of special equipment 43,400 20,300 7,200 15,900 Salaries of product-line managers 116, 100 40,600 38,800 36,7ee Allocated connon fixed expenses. 186,000 52,400 31, Bee 51, see Total fixed expenses 415,300 122, 100 168, ze 125,000 Net operating income (loss) $36,780 $ 21,900 $ 36,800 $(22,000) "Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the tong-run profitability of the various product lines Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required a What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? "Allocated on the basis of sales dollars. 10 points Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whet the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wea Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Should the production and sale of racing bikes be discontinued? 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the I profitability of the various product lines. eBook Complete this question by entering your answers in the tabs below. Hint Print Required 1 Required 2 Required 3 What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? References Required 2 Prev 1 of 5 Next > Mc Graw Hill Check Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long- run profitability of the various product lines. Totals Dirt Bikes Mountain Bike Racing Bikes 0 0 0 Contribution margin (5) Traceable foed expenses 0 0 Total traceable fixed expenses Product line segment margin (losa) 0 os 05 os 0 Net operating income (los) $ 0