The Regal Cyele company manufactures three types of bicycles-a dirt bike, a mountain bike. and a racing bike. Data expenses for the past auarter follow: HImocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whe the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not w 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? 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the profitability of the various product lines. Complete this question by entering your answers in the tabs below. What is the financial advantage (disadvantage) per quarter of discontinuing the Rading Bikes? The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and expenses for the past quarter follow: Management is concerned about the continued losses shown by the racing bikes and wants a recomme the line should be discontinued. The special equipment used to produce racing bikes has no resale valu 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? 3. Prepare a properly formatted segmented income statement that would be more useful to management profitability of the various product lines. Complete this question by entering your answers in the tabs below. Prepare a properfy formatted segmented income statement that would be more useful to management in asssasi profitability of the various product lineses