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expenses for the past quarter follow: 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 no: 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. What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes? expeirsts to ve past yuaite tuinw. "Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recomrmendation as to whethef or not the line should be discontinued. The speclal equipment used to produce racing bikes has no resale value and does not wear out. Requlted: 1. What is the financiol advantage (disadvantage) per quarter of discontinuing the racing bikes? 2. Should the production and sale of racing bikes be discontinued? 3. Prepare a properly formotted segmented income statement that would be more usefut ro monagement in arsegsing the fong irun profitabiity of the various product inder Complete this question by entering your answers in the tabs below. Drepare a properly formatted segmented income otatement that would be more useful to inanagement in assesting the lang eun profitabiity of the various product lines