Outdoor Luggage Corporation produces hard-sided luggage for sports equipment. Financial data for three of the corporation's most popular products appear below. Please help! Thank you!

2 uutaoor Luggage corporation produces nara-siaea luggage for sports equipment Financial data for three of the corporation's most popular products appear below. 20 points Golf Ski Guard Fishing Total Guard Guard $ 920,000 $263,000 $ 402,000 $ 255,000 474,000 116,000 201,000 157,000 446,000 147,000 201,000 98,000 X 00:53:32 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) 70,200 42,400 114,400 184,000 411,000 $ 35,000 8,700 40,800 20,700 20, 200 7,100 15,100 40,300 38,500 35,600 52,600 80,400 51,000 121,800 166,800 122,400 25,200 $ 34,200 $(24,400) eBook Hint *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. Print References 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 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 Ski Guards Golf Guards Fishing Guards 0 0 0 Contribution margin (loss) Traceable fixed expenses: 0 0 0 Total traceable fixed expenses Product line segment margin (loss) 0 $ 0 $ 0 $ 0 Net operating income (loss) $ 0