Outdoor Luggage Corporation produces hard-sided luggage for sports equipment Financial data for three of the corporation's most popular products appear below. Total Ski Guard Golf Guard Fishing Guard 5 925,000 $255,0905 409,000 5 251,800 462,000 116.000 191,000 155,000 463.000 149.000 210,000 96.000 Sales Variable wanufacturing 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 Get operating income (Loss) 69,200 8,300 40,600 20,300 44.300 20.800 7,500 16,000 115,700 40,400 38,600 36,700 185.000 53,600 81,800 50,200 419 200 122,50 168.500 123,200 5 48,00 5 26.500 519,500 $(27,200) "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 shodid be discontinued. The special equipment used to produce fishing guards has no resale value and does not wear out. Required: What has the financial advantage (disadvantage) per quarter of discontinuing the fishing guard moder? 3. Prepare a property formatted tegmented income statement that would be more useful to marpgement in assessing the long-run profitability of the various product lines Complete this question by entering your answers in the tabs below. Required: Required 2 Required a What is the financial advantage (disadvantago) per quarter of discontinuing the fishing guards? Required 2 > Complete this question by entering your answers in the tabs below. h Required 1 Required 2 Required 3 Should the production and sale of fishing guards be discontinued? Yes No