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: "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. Requlred: 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. Imperial Jewelers manufactures and sells a gold bracelet for $40200. The company's accounting system says that the unit product cost for this bracelet is $261.00 as shown below: The members of a wedding party have approached imperlal Jewelers about buying 25 of these goid bracelets for the discounted price of $36200 each. The members of the wedding party would like special filgree applied to the bracelets that would increase the direct materials cost per bracelet by $5. Imperlal Jewelers would also have to buy a speclal tool for $468 to apply the filigree to the bracelets. The speclal tool would have no other use once the special order is completed. To analyze this special order opportunity. Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by varlations in how much jewelry is produced in any given period. However, $6.00 of the overhead is variable with respect to the number of bracelets produced. The company also belleves that accepting this order would have no effect on its ability to produce and sell jewelry to other customers. Furthermore, the company could fulfill the wedding party's order using its exdsting manufacturing capacity. Required: 1. What is the financial advantage (disadvantage) of accepting the special order from the wedding party? 2. Should the company accept the special order? Complete this question by entering your answers in the tabs below. What is the financial advantage (disadvantage) of accepting the special order from the wedding party