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 - Allocoted on the basis of sales doilars Management is concerned about the continued losses shown by the facing bikes and wants a recommendation as to whether or not the lne should be disconunued. The special equipment used to produce racing bikes has no resale volue and does not wear out Required: 1. Whot is the financial advantage (disactvantage) per quarter of discontinuing the Racing Bikes? 2 Should the production and sole of racing bikes be discontinued? 3. Prepore a pioperly formatred iegmented incorme statement thot would be mcre useful to management in assessing the long iun profitabity of the various prodict ines Complete this question by entering your answers in the tabs below, What is the financial atfansage (disadventage) per quarter of discontinuind the facing sikes