*Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing blkes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing blkes has no resale value and does not wear out. Requlred: 1. What is the financlal advantage (disadvantage) per quarter of discontinulng 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 varlous 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-run profitability of the various product lines