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 Dirt Bikes $ 917,000 474,000 443,000 $ 263,000 111,000 152,000 Mountain Bikes $ 402,000 206,000 196,000 Racing Bikes $ 252,000 157,000 95,000 70,500 8,900 40,600 21,000 43,900 20,100 7,800 16,000 115,600 40,600 38,200 36,800 183,400 52,600 80,400 50,400 413,400 122,200 167,000 124,200 $ 29,600 $ 29,800 $ 29,000 $ (29,200) 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? Dequired?