all three requirements are one question

Check my work Exercise 11-2 Dropping or Retaining a Segment (L011-2) The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: 0:51:10 Dirt Mountain Racing Total Bikes Bikes Bikes $ 929,000 $268,000 $ 405,000 $ 256,000 474,000 119,000 200,000 155,000 455,000 149,000 205,000 101,000 Book Sales Variable manufacturing and selling expenses Contribution margin Tixed expenses ! Advertising, traceable Depreciation of special equipment Salaries of product-line managers Allocated common fixed expenses Total fixed expenses Net operating income (loss) 68,600 8,200 40,300 20,100 43,800 20,900 7,100 15,800 115,200 40,400 38,700 36,100 185,800 53,600 81,000 51,200 413,400 123,100 167, 100 123,200 $ 41,600 $ 25,900 $ 37,900 $(22,200) Hint erences "Allocated on the basis of sales Collars. 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? 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 long-run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes?