"Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation a the line should be discontinued. The special equipment used to produce racing bikes has no resale value and doe 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 assess profitability of the various product lines. Complete this question by entering your answers in the tabs below. What is the finandal a dvantage (disadvantage) per quarter of discontinuing the Racing Bikes? '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 the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does no 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 profitability of the various product lines. Complete this question by entering your answers in the tabs below. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long profitability of the various product lines