The Regal Cycle Company manufactures three fypes of bicycles a dirt bake, a mountain bike, and a racing bike. Data on fales and expenses for the past quarter follow: Manogement is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the urie shaudd be discontinued - The special equiprient used to produce racing bikes has no resale value and does not wear out. Required: 1. What is the firtucial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Sholald the production and sale of racing bikes be discontinued? 3. Prepare a propedy formatted segmented income statement that would be more useful to management in assetsing the long-run probtabeity of the various product lineE. 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. Should the production and sale of racing bikes be discontinued? Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long-run profitability of the varlous product lines