May I have a detailed explanation please:

The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Dirt Mountain Racing Total Bikes Bikes Bikes Sales $925,000 $267,000 $404,000 $ 254,000 Variable manufacturing and selling 452 000 113 000 191 000 158 0% expenses ' ' ' ' Contribution margin 463,000 154,000 213,000 96,000 Fixed expenses: Advertising, traceable 68,700 8,200 40.200 20.300 Depreciation of special equipment 43,400 20,800 7,300 15,300 Salaries of productline managers 116,400 40,800 38,800 36,800 Allocated common fixed expenses* 185,000 53,400 80,800 50,800 Total fixed expenses 413,500 123,200 167,100 123,200 Net operating income (1055) $ 491500 $ 30:30\" $ 45.900 $071200) [ '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 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 nancial 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? Required 2 > Financial (disadvantage) per quarter Financial advantage per quarter Complete this question by entering your answers in the tabs below. Required 1 Required 2 H Required 3 Should the production and sale of racing bikes be discontinued? ( Required1 Required3 ) 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 Contribution margin (loss) 0 0 0 0 Traceable fixed expenses: Total traceable fixed expenses 0 0 0 Product line segment margin (loss) 0 $ 0 $ 0 $ 0 Net operating income (loss) $ 0 _- Common fixed expenses Depreciation of special equipment Salaries of the product line managers Sales Variable manufacturing and selling expenses