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: 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 $ 935,000 Dirt Bikes $ 269,000 464,000 116,000 Mountain Bikes $ 407,000 194,000 Racing Bikes $ 259,000 154,000 471,000 153,000 213,000 105,000 69,400 8,700 40,200 20,500 43,100 20,300 7,400 15,400 115,800 40,800 38,500 36,500 187,000 53,800 81,400 51,800 415,300 123,600 167,500 124,200 $ 55,700 $ 29,400 $ 45,500 $ (19,200) 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? Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Should the production and sale of racing bikes be discontinued? < Required 1 Required 2 >