only Q1 plz

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. Total $ 926,000 475,000 451,080 Dirt Mountain Racing Bikes Bikes Bikes $268,000 $ 406,000 $ 252,080 119,000 201,00 155, eee 149,000 205, eee 197,6ee 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) 69,700 8,600 43,5ee 20,888 115, 40,300 185, 2ee 53,689 413,4ee 123,388 $ 37,680 25,70 40,480 20,783 7,400 15,383 38,100 36,600 81, 282 50,400 167,1ee 123,888 $ 37,900 $(26,698) *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 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?