please answer required questions 1-3.

also include segmented income statement

Outdoor Luggage Corporation produces hard-sided luggage for sports equipment Financial data for three of the corporation's most popular products appear below. Skl Guard Golf Guard Fishing Total Guard $ 926,000 $269,000 $ 402,600 $ 255,000 467,000 113,000 194,000 160,000 459,000 156,000 208,000 95,000 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 Incone (loss) 70,000 8,460 40,900 20,700 43,100 20,400 7,300 15,400 114,600 48,800 38,400 35,400 185,200 53, Bee 80,400 51,000 412.900 123,400 167,000 122,500 $ 46,100 $ 32,600 $ 41,600 $(27,500) "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 property 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 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 Sk Guards Golf Guards Fishing Guards Sales Variable manufacturing and selling expenses Contribution margin (oss) 0 0 0 Traceable foxed expenses Advertising