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expensies for the past quarter follow: -Allocated on the basls of sales dollark.. Managemerut is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the lind should be clscontinued. The speclal equipment used to produce racing bikes has no rosaio value and does not woar out. Requlred: 1. What is the financial advantage (disadvantage) per quartor of d scontinuing the Racing 7 ikes? 2. Should the production and 5 aie of recing bikes be discontinued? 3. Prepare a properly 1 rmatted sogmented income statement that would be more useful to managemeris in assess ing ine longin un profitability of the various procuct ines. Complete this question by entering your answers In the tabs below. Prepare a properfy formatted segmented income statement that would be more useful to management in assessing the fong.run profitability of the various product lines. Complete this question by entering your answers in the tabs below. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes