Dirt Mountain Racing Total Bikes Bikes Bikes $ 925,000 $264,000 $ 408,000 $ 253,000 469,000 116,000 200,000 153,000 456,000 148,000 208,000 100,000 Sales Variable manufacturing and selling expenses Contribution margin Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line managers Allocated common fixed expenses Total fixed expenses Net operating income (loss) 69,100 8,700 40,300 20,100 43,500 20,300 7,400 15,800 114,200 40,300 38,400 35,500 185,000 52,800 81,600 50,600 411,800 122, 100 167,700 122,000 $ 44,200 $ 25,900 $ 40,300 $(22,000) Required: 1. What is the financial advantage (disadvantage per quarter of discontinuing the Racing Bikes? 2. Should the production and sale of racing bikes be discontinued? 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? Financial (disadvantago) per quarter Required 2 > Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Should the production and sale of racing bikes be discontinued? 3. Prepare a property formatted segmented income statement that would be more useful to management in assessing the long-run profitability of the various product lines Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3. Should the production and sale of racing bikes be discontinued Yes NO 0 0 Required 1 Required 2 Required 3 Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long run profitability of the various product lines. Totals Dirt Bikes Mountain Bikes Racing Bikes Sales Variable manufacturing and selling expenses Contribution margin (loss) 0 Traceable fixed expenses Salanes of the product line managers Depreciation of special equipment Advertising, traceable Total traceable foxed expenses 0$ OS $ 0 Product line segment margin (loss) Common food expenses 0 0 0 0 0