Please answer all parts

Outdoor Luggage Corporation produces hard-sided luggage for sports equipment Financial data for three of the corporation's most popular products appear below. Golf Ski Guard Fishing Total Guard Guard $ 924,000 $263.000 $ 401,000 $260,000 482,000 115,000 210,000 157,000 442,000 148,000 191,000 103,000 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) 69,300 8,400 40,700 20,200 43,800 20,600 7,800 15,400 114,700 40,300 38,000 36,400 184,800 52,600 80,200 52,000 412,600 121,900 166, 700 124,000 $ 29,400 $ 26,100 $ 24,300 $(21,000) *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 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? Red Required 2 > Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the fishing gu 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 profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Should the production and sale of fishing guards be discontinued? Yes No Saved the line should be discontinued. The special equipment used to produce fishing guards has no resale value and does not wear 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- 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 Skl Guards Golf Guards Fishing Guards Contribution margin (105) Traceable foxed expenses Total traceable fixed expenses Product line segment margin (loss) Net operating income (loss) Required 2