Outdoor Luggage Corporation produces hard-sided luggage for sports equipment. Financial data for three of the corporation's most popular products appear below. 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) Ski Guard Golf Total Fishing Guard Guard $922,000 $268,000 $482,000 5 252,800 454,000 112, eee 191,000 151,000 468,eee 156,000 211,000 101,600 68,900 8,300 40,400 20,200 43,700 20,800 7,700 15,200 113,700 40,400 38,100 35,200 184,400 53,600 80,400 50,400 410,700 123, 100 166,609 121,000 $57,300 $ 32,900 $ 44,480 $120,000) "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 ossessing the long-run profitability of the various product lines. Complete this question by entering your answers in the tabs below, Required: Required 2 Required 3 What is the financial advantage (disadvantage) per quarter of discontinuing the fishing guards