The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Sales Variable manufacturing and selling expenses Contribution margin Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line managers Allocated common fixed expenses* Total fixed expenses Net operating income (loss) *Allocated on the basis of sales dollars. Total $ 928,000 477,000 Dirt Bikes 451,000 $ 265,000 112,000 153,000 Mountain Bikes $ 409,000 209,000 200,000 Racing Bikes $ 254,000 156,000 98,000 69,600 8,900 40,300 20,400 43,400 20,700 7,300 15,400 114,500 40,500 38,800 35,200 185,600 53,000 81,800 50,800 413,100 123,100 168,200 121,800 $ 37,900 $ 29,900 $ 31,800 $ (23,800) Management is considering discontinuing the racing bikes. 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes?