The Regal Cycie Company manufactures three types of bicycles-s dirt bike, a mountain bike, and a mang bike. Data on shles and expenses for the past quarter fatiow Allocated on the basis of sales dollars Management is concemed 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 valueand does not wear out. Required: 1. What is the financial advantage (disadvantage) per quarter of ciscontanuing the Racing Bikes? 2. Should the production and sale of tacing bikes be discontinued? 3. Prepore a propeily formatted segmented income statement that would be more useful to matagement in astessing the long-run profitability of the vafious product lines. Complete this question by entering your answers in the tabs below. What is the financial advantage (disadvantage) per quarter of discontinuing the Pacing Bakes? The Regal Cycie Company manufactures three types of bicycles-s dirt bike, a mountain bike, and a mang bike. Data on shles and expenses for the past quarter fatiow Allocated on the basis of sales dollars Management is concemed 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 valueand does not wear out. Required: 1. What is the financial advantage (disadvantage) per quarter of ciscontanuing the Racing Bikes? 2. Should the production and sale of tacing bikes be discontinued? 3. Prepore a propeily formatted segmented income statement that would be more useful to matagement in astessing the long-run profitability of the vafious product lines. Complete this question by entering your answers in the tabs below. What is the financial advantage (disadvantage) per quarter of discontinuing the Pacing Bakes