The Regal Cycie Compony manufactures three types of bicycles -a dirt bike, a mountain bike, and a racing bike. Data on sales and expenset for the past quarter follow: Marugement is cancerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not Repuiredine thould be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. Required: What is the financiaf advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Stould the prodiction and sale of racing bikes be discontinued? 2. Prepare a propetly formatted segmented income statement that would be more useful to management in assessing the long-run groetability of the yarious 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? Complete this question by entering your answers in the tabs below. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the longrun profitability of the various product lines