Outdoor Luggage Corporation produces hard-sided luggage for sports equipment Financial data for three of the corporation's most popular products appear below. Fishing Total Ski Guard Golf Guard Guard $ 930,eee $264,000 5 407,eee $ 259, eee 467,000 117, eae 191,eee 159,000 463,00 147.80 216,600 100,00 Sales Variable manufacturing and selling expenses Contribution margin Fixed expenses: Advertising, traceable Depreciation of special equipment 5alaries of product-line managers Allocated conton fixed expenses Total fixed expenses Net operating income (loss) 69, 700 8.900 40,100 20,700 43,789 20,400 7,400 15,900 116,100 40,700 38,600 36,800 186,80 52.800 81,480 51,00 415,500 122,800 167.500 125,200 $ 47,500 $ 24,288 5 48,500 $(25,200) "Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the fishing guards and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce fishing guards has no resale value and does not wear out. Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the fishing guard model? 2. Should the production and sale of fishing guards 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 fishing guards? Hous Required 2 >