please answer these two questjons. it is a part a and b answer. thanks.

The Regal Cycle Company manufactures three types of bicycles--a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Dirt Mountain Racing Total Bikes Bikes Bikes $924,000 $266,000 $401,000 $ 257,000 481,000 119,000 206,000 156,080 443,000 147,000 195,000 101,800 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, 700 8,400 40,700 20,600 43,800 28,800 7,300 15,700 115,600 40,100 39,000 36,500 184,800 53,200 80,280 51,400 413,900 122,500 167,200 124, 200 $ 29,100 $ 24,500 $ 27,800 $(23,200) "Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Should the production and sale of racing bikes 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 Racing Bikes? Financial (disadvantage) per quarter Required 23 ALLocatea common Taxed expenses Total fixed expenses Net operating income (loss) 104,00 23,200 60,200 31,00 413,900 122,500 167,200 124,200 $ 29,100 $ 24,500 $ 27,800 $(23,200) "Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Should the production and sale of racing bikes 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. 0 Required 1 Required 2 Required 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. Totais Dirt Bikes Mountain Bikes Racing Bikes Sales Variable manufacturing and selling expenses Contribution margin (los) 0 0 Traceable fixed expenses Advertising, traceable Depreciation of special equipment Salaries of the product ine managers Total traceable forced expenses 0 0 0 0 Product line segment margin (se) 0 0 S OS 0 Common fixed expenses Not operating income (los) $ 0